Borradores de Economia
Number:
954
Published:
Classification JEL:
E5, G21, G28
Keywords:
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
The most recent
Camilo Bohorquez-Penuela, Leonardo Bonilla-Mejía, Anabelle Couleau, Alexánder Almeida
Jhorland Ayala-García, Jaime Bonet-Morón, Eduardo A. Haddad, Inácio F. Araújo
Clark Granger, Jhorland Ayala-García, Fabio Montenegro Aparicio
This paper builds a general equilibrium model that incorporates banks, financial frictions, default and a capital requirements. Ex-ante heterogeneous households decide how much to save or borrow for the sake of consumption (consumer credit) or the provisi
