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Query: faculty: "FEB" and publication year: "2008"

AuthorsT. Assenza, M. Berardi
TitleLearning in a credit economy
PublisherUniversity of Manchester
PlaceManchester
Year2008
Pages18
Title seriesCentre for Growth & Business Cycle Research discussion paper series
Series number100
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
AbstractIn this work we analyze a credit economy à la Kiyotaki and Moore (JPE, 1997) enriched with learning dynamics. Both borrowers and lenders need to make expectations about the future price of the collateral, and under heterogeneous learning this can have interesting con- sequences for the economy when the possibility of bankruptcy is taken into consideration.
Document typeReport
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