A simple macroeconomic model with extreme financial frictions

DOI10.1016/j.jmateco.2016.04.002zbMath1395.91331OpenAlexW2341161139MaRDI QIDQ502344

Sebastian Pfeil, Nataliya Klimenko, Jean-Charles Rochet

Publication date: 4 January 2017

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2016.04.002

zbMATH Keywords

poverty trapendogenous riskmacro-model with financial frictions

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Markov chains (discrete-time Markov processes on discrete state spaces) (60J10) Dynamic stochastic general equilibrium theory (91B51)

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Cites Work

• A Model of Capital and Crises
• Unnamed Item