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

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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Year of publication:	1996
Authors:	Carlstrom, Charles T. ; Fuerst, Timothy S.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Business cycles \| Investments

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 9602
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005526585