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The good, the bad, and the ugly: An inquiry into the causes and nature of credit cycles

Matsuyama, Kiminori - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 3, pp. 623-651

This paper builds models of nonlinear dynamics in the aggregate investment and borrower net worth to study the causes and nature of endogenous credit cycles. The basic model has two types of projects: the Good and the Bad. The Good projects rely on the inputs supplied by others who could...

Persistent link: https://www.econbiz.de/10011685313

The good, the bad, and the ugly : an inquiry into the causes and nature of credit cycles

Matsuyama, Kiminori - 2004

Persistent link: https://www.econbiz.de/10002469485

The good, the bad, and the ugly : an inquiry into the causes and nature of credit cycles

Matsuyama, Kiminori - In: Theoretical economics : TE ; journal of the Econometric … 8 (2013) 3, pp. 623-651

Persistent link: https://www.econbiz.de/10010207663

The Good, the bad, and the ugly : an inquiry into the causes and nature of credit cycles

Matsuyama, Kiminori (contributor) - 2004

This paper builds models of nonlinear dynamics in the aggregate investment and borrower net worth and uses them to study the causes and nature of endogenous credit cycles. The basic model has two types of projects: the Good and the Bad. The Bad is highly productive, but, unlike the Good, it...