Agency costs, net worth, and business fluctuations: a computable general equilibrium analysis
AbstractAn analysis of the quantitative effects of agency costs in a real business cycle model, showing that these costs can explain why output growth displays positive autocorrelation at short horizons.
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Bibliographic InfoPaper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9602.
Date of creation: 1996
Date of revision:
Other versions of this item:
- Carlstrom, Charles T & Fuerst, Timothy S, 1997. "Agency Costs, Net Worth, and Business Fluctuations: A Computable General Equilibrium Analysis," American Economic Review, American Economic Association, vol. 87(5), pages 893-910, December.
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- Elizabeth T. Powers, 1994. "The impact of AFDC on birth decisions and program participation," Working Paper 9408, Federal Reserve Bank of Cleveland.
- An, Chong-Bum & Haveman, Robert & Wolfe, Barbara, 1993. "Teen Out-of-Wedlock Births and Welfare Receipt: The Role of Childhood Events and Economic Circumstances," The Review of Economics and Statistics, MIT Press, vol. 75(2), pages 195-208, May.
- Neil G. Bennett & David E. Bloom & Cynthia K. Miller, 1993. "The Influence of Nonmarital Childbearing on the Formation of First Marriages," NBER Working Papers 4564, National Bureau of Economic Research, Inc.
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