Credit and business cycles

Japanese Economic Review

Volumn 49, Issue 1, 1998, Pages 18-35

  Kiyotaki, Nobuhiro ^a  

^a LONDON SCHOOL OF ECONOMICS   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0003372934     PISSN: 13524739     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-5876.00069     Document Type: Article

References (15)

1. Bernanke, B. S. and M. Gertler (1989) "Agency Costs, New Worth, and Business Fluctuations", American Economic Review, Vol. 79, pp. 14-31.
2. _, _ and S. Gilchrist (1997) "Credit-Market Frictions and Cyclical Fluctuations", forthcoming in J. Taylor and M. Woodford (eds.), Handbook of Macroeconomics, Amsterdam: North-Holland.
3. Brock, W. and L. Mirman (1972) "Optimal Economic Growth and Uncertainty: Discounted Case", Journal of Economic Theory, Vol. 4, pp. 479-513.
4. Chen, N-K. (1997) "Bank Capital, Borrowers, Net Worth and Business Fluctuation", Chapter 1 of PhD thesis, University of Minnesota; mimeo, National Taiwan University, 1997.
5. Fisher, I. (1933) "The Debt-Deflation Theory of Great Depressions", Econometrica, Vol. 1, pp. 337-57.
6. Gertler, M. (1988) "Financial Structure and Aggregate Economic Activity: An Overview", Journal of Money. Credit and Banking, Vol. 20, pp. 559-88.
7. Hart, O. (1995) Firms, Contract, and Financial Structure, Oxford: Oxford University Press.
8. _ and J. Moore (1997) "Default and Renegotiation: A Dynamic Model of Debt", Discussion Paper, London School of Economics; revised version of paper written at Harvard University and London School of Economics in 1989.
9. _ and _ (1994) "A Theory of Debt Based on the Inalienability of Human Capital", Quarterly Journal of Economics, Vol. 109, pp. 841-79.
10. Kiyotaki, N. and J. Moore (1997a) "Credit Cycles", Journal of Political Economy, Vol. 105, pp. 211-48.
11. _ and _ (1997b) "Credit Chains", mimeo, London School of Economics.
12. Ortalo-Magné, F. (1996) "Asset Price Fluctuations in a Lifecycle Economy: Do Collateral Constraints Matter?" Discussion Paper no. 234, London School of Economics, Financial Market Group.
13. Scheinkman, J. A. and L. Weiss (1986) "Borrowing Constraints and Aggregate Economic Activity", Econometrica, Vol. 54, pp. 23-45.
14. Shleifer, A. and R. W. Vishny (1992) "Liquidation Values and Debt Capacity: A Market Equilibrium Approach", Journal of Finance, Vol. 47, pp. 1343-66.
15. Tobin, J. (1980) Asset Accumulation and Economic Activity: Reflections on Contemporary Macroeconomic Theory, Chicago: University of Chicago Press.