Agliari, Anna; Assenza, Tiziana; Gatti, Domenico Delli; … - Society for Computational Economics - SCE - 2006
In this paper we develop an overlapping generation version of Kiyotaki and Moore's (hereafter KM) model of the "Credit Cycle". In each period the population consists of two classes of agents: a group of financially constrained agents ("farmers") and one of unconstrained agents ("gatherers")....