Long Shadows of Financial Shocks: An Endogenous Growth Perspective
The Great Recession has resulted in a seemingly permanent level shift in many macroeconomic variables. This paper presents a microfounded general equilibrium model featuring frictional labour markets and financial frictions that is able to replicate the business cycle features of establishment dynam...
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| Format: | Article |
| Language: | English |
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Collegium of Economic Analysis, SGH Warsaw School of Economics
2022-09-01
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| Series: | Gospodarka Narodowa. The Polish Journal of Economics |
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| Online Access: | https://gnpje.sgh.waw.pl/Long-Shadows-of-Financial-Shocks-An-Endogenous-Growth-Perspective,151795,0,2.html |