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2024-03-29T13:30:37+00:00
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Agency Costs, Risk Shocks and International Cycles
https://www.bankofcanada.ca/2016/01/staff-working-paper-2016-2/
We add agency costs as in Carlstrom and Fuerst (1997) into a two-country, two-good international business-cycle model. In our model, changes in the relative price of investment arise endogenously.
2016-01-21T11:27:07+00:00
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Agency Costs, Risk Shocks and International Cycles
2016-01-21
Business fluctuations and cycles
International topics
Staff Working Paper 2016-2
https://www.bankofcanada.ca/wp-content/uploads/2016/01/swp2016-2.pdf
Agency Costs, Risk Shocks and International Cycles
Marc-André Letendre
Joel Wagner
January 2016
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