Working Paper
Agency costs, net worth, and business fluctuations: a computable general equilibrium analysis
Abstract: An analysis of the quantitative effects of agency costs in a real business cycle model, showing that these costs can explain why output growth displays positive autocorrelation at short horizons.
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https://doi.org/10.26509/frbc-wp-199602
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https://www.clevelandfed.org/-/media/project/clevelandfedtenant/clevelandfedsite/publications/working-papers/1996/wp-9602-agency-costs-net-worth-and-business-fluctuations-pdf.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1996
Number: 9602