Benigno, Gianluca; Chen, Huigang; Otrok, Christopher M.; … - 2010
normal ones. In production economies, they are one order of magnitude larger than in endowment economies both in crisis and … business cycle model for emerging market economies with production and an occasionally binding credit constraint. The main … structure of the economy and its parametrization. Specifcally, underborrowing in a production economy is found with the baseline …