Title of article
Modelling nominal debt contracts and fixed rate debt
Author/Authors
Liam Graham، نويسنده , , Stephen Wright، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
6
From page
67
To page
72
Abstract
We provide a simple model of sticky nominal debt contracts and fixed rate debt that can easily be embedded in a dynamic general equilibrium framework. Once linearized, the debt process increases the order of autoregressive dynamics in the system by one; thus potentially introducing more complex adjustment processes.
Keywords
Nominal debt , Dynamic general equilibrium
Journal title
Economics Letters
Serial Year
2005
Journal title
Economics Letters
Record number
435702
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