Collateralized capital and news-driven cycles

Kobayashi, Nakajima, and Inaba (2007) show that in the neoclassical business cycle models with collateral constraints, a boom can be generated in response to an optimistic change in expectations on the future state of the economy. They call this business cycle a news-driven cycle. In their models, l...

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Bibliographic details
Volume: 5
Main Author: Nutahara, Kengo
Kobayashi, Keiichiro
Format: Journal Article
Language: English
Place of publication: AccessEcon 2007
published in: Economics bulletin Vol. 5; no. 18; pp. 1 - 9
Data of publication: 2007
ISSN: 1545-2921
EISSN: 1545-2921
Discipline: Economics
Series: Economics Bulletin
Online Access: Fulltext
Database: RePEc
Database information Databases - DBIS