Endogenous growth, economic fluctuations and capital accumulation: 445-461
The work aims to remedy the shortcomings of previous growth models by examining imperfect information and financial constraints in a New Keynesian setting. Capital-market imperfections and related information asymmetries induce agents to be risk averse, and give rise to the net worth of firms and ba...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10631 |