LIQUIDITY CONSTRAINTS, HETEROGENEOUS HOUSEHOLDS AND SUNSPOT FLUCTUATIONS

This paper is concerned with the empirical relevance of indeterminacy and sunspots in explaining the business cycle. It argues that financial constraints provide a propagation mechanism able to generate business cycle facts observed in data in response to sunspot shocks. This point is demonstrated u...

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Bibliographic details
Volume: 10
Main Author: BARINCI, JEAN-PAUL
CHÉRON, ARNAUD
LANGOT, FRANCOIS
Format: Journal Article
Language: English
Place of publication: New York, USA Cambridge University Press 01.09.2006
CAMBRIDGE UNIV PRESS
published in: Macroeconomic dynamics Vol. 10; no. 4; pp. 529 - 544
Data of publication: 20060900
ISSN: 1365-1005
1469-8056
EISSN: 1469-8056
Discipline: Economics
Subjects:
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2006
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