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Published on Wednesday, November 14, 2012 | Updated on Monday, May 12, 2014

Macroeconomic Adjustment under Loose Financing Conditions in the Construction Sector

Summary

We provide a model with sector-specific debt-collateral constraints to analyse how asymmetric financing conditions across sectors affect the aggregate investment, credit and output composition

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Abstract (PDF)

Abstract

English - November 14, 2012

Report (PDF)

WP_1226_tcm348-361763

English - November 14, 2012

Authors

OA
Oscar Arce
JC
Jose Manuel Campa
AG
Angel Gavilán
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