Modelling nominal debt contracts and fixed rate debt
AbstractWe 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 89 (2005)
Issue (Month): 2 (November)
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Web page: http://www.elsevier.com/locate/ecolet
Other versions of this item:
- Graham, Liam & Wright, Stephen, 2005. "Modelling nominal debt contracts and fixed rate debt," Economics Letters, Elsevier, vol. 88(1), pages 67-72, July.
- Graham, L. & Wright, S., 2005. "Modelling nominal debt contracts and fixed rate debt," Open Access publications from University College London http://discovery.ucl.ac.u, University College London.
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