Money and Asset Liquidity in Frictional Capital Markets
Cui, W; Radde, S
American Economic Review , 106 (5) pp. 496-502. (2016) 2016-05
The model: the household's decision period, the production period, the investment period, the consumption period
"by affecting asset liquidity, participation decisions in the financial market can, thus, have a strong impact on firms'financing constraints, capital accumulation, and output.
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