IMPERFECT CAPITAL MARKETS, INCOMEDISTRIBUTION AND THE ‘CREDIT CHANNEL’: AGENERAL EQUILIBRIUM APPROACH

We develop and analyse a simple general equilibrium model withcapital market imperfections We find that the impact of monetarypolicy on real economic activity depends on the initial distributionof wealth in the economy. Changes in the opportunity cost of fundsaffect not only the choice of financial source but also the decisionsof agents to become entrepreneurs...

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Year of publication:	2002-01-30
Authors:	Bougheas, Spiros
Institutions:	University <Nottingham> / Department of Economics
Subject:	Kapitalmarkt \| Geldpolitik \| Gleichgewicht \| Einkommensverteilung \| Kreditgeber

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Extent:	211968 bytes 16 p. application/pdf
Series:	The University of Nottingham / School of Economics - discussion papers Discussion Paper ; No. 02/10
Type of publication:	Book / Working Paper
Language:	English
ISSN:	1360-2438
Classification:	E44 - Financial Markets and the Macroeconomy ; G20 - Financial Institutions and Services. General ; Financial theory ; Terms and pricing policy ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005868933