An Estimated Model with Macrofinancial Linkages for India

WP/10/21

An Estimated Model with Macrofinancial Linkages for India
This paper develops a small open economy dynamic stochastic general-equilibrium model with macrofinancial linkages. The model includes a financial accelerator--entrepreneurs are assumed to partially finance investment using domestic and foreign currency debt--to assess the importance of financial frictions in the amplification and propagation of... READ MORE...

Publication date: January 2010
ISBN 9781451962321
$18.00

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Publication date: January 2010

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Publication date: January 2010

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