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We develop a micro-founded general equilibrium model with heterogeneous agents to identify...

The paper studies how high leverage and crises can arise as a result of changes in the income...

This paper examines the effect that windfalls from international commodity price booms have on...

Research on credit markets from developing economies, as well as work on the origin of...

Based on stylized evidence showing variation of the Gini coefficient of income inequality across...

We study a model where an employer, trying to fill a vacancy, engages in optimal sequential...