Leverage away your wedge : an analysis of banks' impact on output

In this paper we present a general equilibrium model where heterogeneous agents endogenously choose whether to become workers, consumers or entrepreneurs in order to analyze how limits on the leverage of banks affect real output. In our model tighter limits on the leverage of banks cause an increase...

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Detalles Bibliográficos
Autores Principales: Hill, Enoch, Pérez Reyna, David Alejandro
Formato: Desconocido (Unknown)
Lenguaje:Inglés (English)
Publicado: Universidad de los Andes, Facultad de Economía, CEDE 2018
Acceso en línea:http://hdl.handle.net/1992/8650