Quantitative impacts of the asset price channel in the credit-constrained economy

• 資料種別: 文書・図像類
• タイトル: Quantitative impacts of the asset price channel in the credit-constrained economy
• 著者・編者: 櫻川, 昌哉; 桜川, 幸恵
• 著者標目: 櫻川, 昌哉; 桜川, 幸恵
• 出版事項: Keio Economic Society, Keio University
• 出版年月日等: 2010
• 出版年（W3CDTF）: 2010
• タイトル（掲載誌）: Keio Economic Society discussion paper series
• 巻号年月日等（掲載誌）: 10 12
• 掲載巻: 10
• 掲載号: 12
• 本文の言語コード: eng
• 対象利用者: 一般
• 一般注記: type:text; We investigate under what conditions the quantitative impact of the asset price channel is strong in a credit-constrained model in which real estate inelasticity supplied, so-called, "land", is used for production and serves as collateral. The technological substitutability between capital and land and adjustment costs of investment play important roles in amplifying and propagating shocks to the economy through the interaction of accumulating capital and assets that serve for collateral. The financial acceleration is at work strongly as the elasticity of substitution becomes smaller, because firms accumulate greater amounts of land in early periods to finance investment in later periods. The adjustment cost of investment strengthens the asset price effect.
• 一次資料へのリンクURL: https://koara.lib.keio.ac.jp/xoonips/modules/xoonips/download.php?koara_id=AA10715850-00001012-0001
• オンライン閲覧公開範囲: 限定公開
• 連携機関・データベース: 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）; https://irdb.nii.ac.jp
• 提供元機関・データベース: 慶應義塾大学 : 慶應義塾大学学術情報リポジトリ