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Agency costs, net worth, and business fluctuations: a computable general equilibrium analysis

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Author Info
Charles T. Carlstrom
Timothy S. Fuerst

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Abstract

An analysis of the quantitative effects of agency costs in a real business cycle model, showing that these costs can explain why output growth displays positive autocorrelation at short horizons.

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File URL: http://www.clevelandfed.org/Research/Workpaper/1995/wp9516.pdf
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Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9602.

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Date of creation: 1996
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Handle: RePEc:fip:fedcwp:9602

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Keywords: Business cycles ; Investments;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Neil G. Bennett & David E. Bloom & Cynthia K. Miller, 1993. "The Influence of Nonmarital Childbearing on the Formation of First Marriages," NBER Working Papers 4564, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. V. Joseph Hotz & Susan Williams McElroy & Seth G. Sanders, 1995. "The Costs and Consequences of Teenage Childbearing for Mothers," Working Papers 9501, Harris School of Public Policy Studies, University of Chicago. [Downloadable!]
  3. Elizabeth T. Powers, 1994. "The impact of AFDC on birth decisions and program participation," Working Paper 9408, Federal Reserve Bank of Cleveland. [Downloadable!]
  4. An, Chong-Bum & Haveman, Robert & Wolfe, Barbara, 1993. "Teen Out-of-Wedlock Births and Welfare Receipt: The Role of Childhood Events and Economic Circumstances," The Review of Economics and Statistics, MIT Press, vol. 75(2), pages 195-208, May. [Downloadable!] (restricted)
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This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.
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This page was last updated on 2009-10-15.


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