Creating Business Cycles Through Credit Constraints

By Narayana Kocherlakota. 2000

379 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/db1160b66234d709334433450c1e01144be81502

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Citations in the corpus

Managing credit booms and busts: A Pigouvian taxation approach (2019, background): “We will generally assume that utility has constant relative risk aversion, These individuals (the insiders) receive two kinds of income, the payo⁄ of an asset that can serve as collateral, and an endowment income.”
Macrofinancial History and the New Business Cycle Facts (2016, background): “However, such models based on corporate leverage have had mixed results when taken to the data (e.g., Kocherlakota 2000).”
External financing and the role of financial frictions over the business cycle: Measurement and theory (2017, neutral): “This is a well known result going back at least to Kocherlakota (2000).”
Asset Price Booms and Monetary Policy (2004, positive): “In the second section, we discuss the implications of the asymmetric effects of an asset price collapse as highlighted by Kiyotaki and Moore (1997) and Kocherlakota (2000).”
Credit Risk and Disaster Risk (2013, neutral): “The model remains highly tractable and intuitive, which allows to evaluate the role of defaultable debt and leverage choice on quantities and prices in a transparent fashion.”
Learning asymmetries in real business cycles (2006, background): “In contrast, Kocherlakota (2000) and Acemoglu and Scott (1997)”
Sudden Stops, Financial Crises, and Leverage (2010, background): “This is a contribution in line with Robert M. Merton’s (2009) suggestion that models in macroeconomics and banking need to improve their handling of the non-linear dynamics at work in times of financial turbulence.”
Liquidity and asset-market dynamics (2010, neutral): “From (35), y = min y ; c 1 f(1) f(1) kf A+ f(1)n : (38)”
The New Economics of Prudential Capital Controls: A Research Agenda (2011, background): “…ð4Þ: (5Þ Equilibrium in the economy is characterized by a set of allocations (cT, 1, cN, 1, d1, cT, 2) and a price p such that this maximization problem is 7However, Kocherlakota (2000) and Cordoba and Ripoll (2004) caution that the constraint specification of Kiyotaki and Moore (1997) does not…”
Monetary Theory and Policy, 2nd Edition (2003, background): “See also Kocherlakota (2000). 498 10 Financial Markets and Monetary Policy”
Macroeconomics with Financial Frictions: A Survey (2012, neutral): “In a similar model , Kocherlakota ( 2000 ) addresses this issue by assuming that entrepreneurs have an optimal scale of production .”
Credit Cycles Redux (2004, neutral): “Our exercise is similar in spirit to Kocherlakota (2000).”
The Role of Debt and Equity Finance Over the Business Cycle (2012, background): “1 Kocherlakota (2000)”
Housing Finance and Monetary Policy (2009, background): “By de ning t and t t as the multipliers on constraints (7) and (10) respectively, and Ux;t as the marginal utility of variable x = C;Nj; H, e¢ ciency conditions for the above program read: 22Kiyotaki and Moore (1997), Kocherlakota (2000).”
The Brevity and Violence of Contractions and Expansions (2008, neutral): “Credit constraints that bind during booms but not recessions are a source of asymmetry in Kocherlakota (2000) .”