Technological innovations and the interest rate
We build a dynamic general equilibrium model where there are banks that charge interest for their loans to the private sector. We look at the response of the interest rate to innovations in the banks’ technology and to innovations in the nonbank firms’ technology. We find that whereas technological...
| Autor principal: | |
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| Formato: | workingPaper |
| Idioma: | por |
| Publicado em: |
2007
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| Texto completo: | http://hdl.handle.net/10071/489 |
| País: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/489 |