Land Reform in the Credit Cycle Framework: The Case of Ukraine
In this work, I show that land reform can affect business cycle dynamics through the financial accelerator. For this purpose, I employed a conventional framework for Dynamic Stochastic General Equilibrium models with collateral constraints to model the effect of agricultural land reforms. The model...
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| Format: | Article |
| Language: | English |
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National Bank of Ukraine
2018-09-01
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| Series: | Visnyk of the National Bank of Ukraine |
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| Online Access: | https://journal.bank.gov.ua/en/article/2018/245/01 |