impact of credit frictions onto business cycles and they almost unambiguously find that credit frictions work as an amplification mechanism of other shocks
Many papers look at the impact of credit frictions onto business cycles and they almost unambiguous Show more Many papers look at the impact of credit frictions onto business cycles and they almost unambiguously find that credit frictions work as an amplification mechanism of other shocks. For example given a stronger negative total factor productivity […]
