Dualism and Macroeconomic Volatility
- 1 November 1999
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 114 (4) , 1359-1397
- https://doi.org/10.1162/003355399556296
Abstract
This paper develops a simple macroeconomic model that shows that combining capital market imperfections together with unequal access to investment opKeywords
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