Macroeconomic Adjustment under Loose Financing Conditions in the Construction Sector
Published on Wednesday, November 14, 2012 | Updated on Monday, May 12, 2014
Macroeconomic Adjustment under Loose Financing Conditions in the Construction Sector
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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