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Macroeconomic Models with Equity and Credit Rationing

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NBER1990-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3533
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This paper presents a simple, general equilibrium macroeconomic model incorporating financial constraints, both credit and equity rationing, as well as other informational imperfections in labor and product markets, such as efficiency wage effects. A formulation somewhat analogous to the standard IS
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1990-12-01
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