Why are credit-driven crises deep and long-lasting?
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DOI: 10.1016/j.qref.2022.10.005
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More about this item
Keywords
Credit crunch; Endogenous growth; Heterogeneous agents; Break in trend;All these keywords.
JEL classification:
- O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
- O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
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