Collateral constraints and the amplification-persistence trade-off

Patrick Pintus

Economics Letters, 2011, vol. 110, issue 1, 64-66

Abstract: This note shows - in a general-equilibrium, two-agent model featuring concave utility and production functions and neo-classical input accumulation - that the amplification and persistence of the impact of temporary shocks to aggregate productivity go hand in hand.

Keywords: Collateral; constraints; Amplification; and; persistence; of; aggregate; shocks (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Collateral constraints and the amplification-persistence trade-off (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:110:y:2011:i:1:p:64-66

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