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- W2044492051 abstract "Theoretical studies have shown that under unorthodox assumptions on preferences and production technologies, collateral constraints can act as a powerful amplification and propagation mechanism of exogenous shocks. We investigate whether or not this result holds under more standard assumptions. We find that collateral constraints typically generate small output amplification. Large amplification is obtained as a “knife‐edge” type of result." @default.
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- W2044492051 date "2004-10-15" @default.
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- W2044492051 title "CREDIT CYCLES REDUX*" @default.
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- W2044492051 doi "https://doi.org/10.1111/j.0020-6598.2004.00296.x" @default.
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