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Published in 2017 at "European Economic Review"
DOI: 10.1016/j.euroecorev.2017.05.004
Abstract: In the aftermath of the Great Recession, macro models that feature financing constraints have attracted increasing attention. Among these, Kiyotaki et al. (2012) is a prominent example. In this paper, we investigate whether the liquidity…
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Keywords:
liquidity;
asset prices;
asset;
shocks business ... See more keywords