A simple macroeconomic model with extreme financial frictions

DOI10.1016/J.JMATECO.2016.04.002zbMATH Open1395.91331OpenAlexW2341161139MaRDI QIDQ502344FDOQ502344

Authors: Nataliya Klimenko, Sebastian Pfeil, Jean-Charles Rochet 

Publication date: 4 January 2017

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2016.04.002

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zbMATH Keywords

poverty trapendogenous riskmacro-model with financial frictions

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Markov chains (discrete-time Markov processes on discrete state spaces) (60J10) Dynamic stochastic general equilibrium theory (91B51)

Cites Work

• Title not available (Why is that?)
• A model of capital and crises

Cited In (8)

• A multi-agent incomplete equilibrium model and its applications to reinsurance pricing and life-cycle investment
• A simple model of endogenous growth with financial frictions and firm heterogeneity
• A macroeconomic model with occasional financial crises
• A Macroeconomic Model With Financially Constrained Producers and Intermediaries
• Financial liberalization: poverty trap or chaos
• Editorial: Introduction to international financial markets and banking systems crises
• Explicit investment setting in a Kaldor macroeconomic model with macro shock
• The dynamic properties of a nonlinear economic model with extreme financial frictions

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