Structural model for fluctuations in financial markets
نویسندگان
چکیده
منابع مشابه
Fluctuations, labour markets and financial shocks
An apparent puzzle from the recent nancial crisis is that economies with less competitive labor markets seem to have su¤ered less in terms of unemployment. The present paper investigates this puzzle by focusing on the interactions between nancial and labor market imperfections. In particular, we augment a simpli ed version of Gertler and Kiyotaki (2010) by introducing imperfect competition in...
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ژورنال
عنوان ژورنال: Physical Review E
سال: 2018
ISSN: 2470-0045,2470-0053
DOI: 10.1103/physreve.97.052312