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Government Securities and the Cyclical Investment Behavior of Corporations and Commercial Banks: A Note

โœ Scribed by Gloria Shatto

Book ID
124679712
Publisher
University of Chicago Press
Year
1972
Tongue
English
Weight
280 KB
Volume
45
Category
Article
ISSN
0021-9398

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โœ Victor E Li; Chia-Ying Chang ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 420 KB

This paper focuses on a monetary explanation of two business cycle regularities: (i) business and household investment are positively correlated and procyclical and (ii) business investment tends to lag household investment over the cycle. Our general equilibrium framework is essentially a standard