English, Article, Journal or magazine article edition: Boundedly Rational Credit Cycles María Sáez

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Bookmark: http://trove.nla.gov.au/version/152929
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Boundedly Rational Credit Cycles
Author
  • María Sáez
Physical Description
  • preprint
Notes
  • We propose an evolutionary model of a credit market. We show that the economy exhibits credit cycles. The model predicts dynamics which are consistent with some evidence about the Great Depression. Real shocks trigger episodes of credit--crunch which are observed in the process of adjustment towards the post shock equilibrium.
  • RePEc:upf:upfgen:156
Language
  • English
Contributed by
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