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Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9
Financial Frictions Financial Crisis
2014/3/18
The financial crisis of 2007-9 has sparked keen interest in models of financial
frictions and their impact on macro activity. Most models share the feature that
borrowers suffer a ...
Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9
Financial Frictions Parsing the Evidence Financial Crisis 2007-9
2014/3/18
The financial crisis of 2007-9 has sparked keen interest in models of financial frictions and their impact on macro activity. Most models share the feature that borrowers suffer a co...