Collateral constraint and news-driven cycles

DOI10.1017/S1365100510000829MaRDI QIDQ2843395zbMATH OpenFDO

Authors Keiichiro Kobayashi, Tomoyuki Nakajima, Masaru Inaba

Publication date 22 August 2013

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/S1365100510000829

zbMATH Keywords

bankruptciescollateral constraintsnews-driven cyclesTobin's Q

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic dynamics (91B55) Economic time series analysis (91B84)

Recommendations

• Expectation driven business cycles with limited enforcement
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Cites work

• Agency costs and business cycles
• Business Cycle Accounting
• When can changes in expectations cause business cycle fluctuations in neo-classical settings?

Cited in

(3)

• Do credit market imperfections justify a central bank's response to asset price fluctuations?
• Expectation driven business cycles with limited enforcement
• Collateral Booms and Information Depletion

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