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Detail
ArtikelInterest Rates in A Credit Constrained Economy  
Oleh: Hartley, Peter S.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 35 no. 1 (1994), page 23-60.
Topik: INTEREST RATES; interest rates; credit; economy
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: II49.4
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelWhen households face credit constraints in an economy with inside as well as outside money stationary equilibrium real interest rates are below the household rate of time preference. They also depend significantly upon household risk aversion, the demand for inside versus outside money, bank costs, bank reserves, inflation, and the marginal productivity of capital and capital depreciation rates. In addition, changes in financial variables affect per capita capital and output to a greater extent when households are credit constrained.
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