Número:
192
Publicado:
Clasificación JEL:
E32, E42, E44, G21
Palabras clave:
Banking, productivity, economic fluctuations
Lo más reciente
Julián Andrés Parra-Polanía, Carmiña Ofelia Vargas-Riaño
Christian Manuel Posso-Suárez, Jorge Tamayo, Arlen Guarín, Estefanía Saravia
I build a general equilibrium, financial accelerator model that incorporates an explicit technology for the intermediary sector. A credit multiplier emerges because of a borrowing constraint that is a function of asset prices, internal funds and lending r