environment. Recent researches have also often neglected the role of debt constraints. The paper develops and numerically solves a … dynamic stochastic farm household model with occasionally binding debt constraints and investment adjustment costs. The …

environment. Recent researches have also often neglected the role of debt constraints. The paper develops and numerically solves a … dynamic stochastic farm household model with occasionally binding debt constraints and investment adjustment costs. The …

only if each agent has binding debt constraints at some node of her life span. That is, contrary to what might be expected …, in the absence of a very productive financial market, frictions induced by debt constraints create some room for …

only if each agent has binding debt constraints at some node of her life span. That is, contrary to what might be expected …, in the absence of a very productive financial market, frictions induced by debt constraints create some room for …