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Bank of Canada RSS Feedsen2024-03-28T22:43:03+00:00Frictional Capital Reallocation I: Ex Ante Heterogeneity
https://www.bankofcanada.ca/2019/01/staff-working-paper-2019-4/
This paper studies dynamic general equilibrium models where firms trade capital in frictional markets. Gains from trade arise due to ex ante heterogeneity: some firms are better at investment, so they build capital in the primary market; others acquire it in the secondary market.2019-01-14T10:07:35+00:00enFrictional Capital Reallocation I: Ex Ante Heterogeneity2019-01-14Monetary policyStaff Working Paper 2019-4https://www.bankofcanada.ca/wp-content/uploads/2019/01/swp2019-4.pdfFrictional Capital Reallocation I: Ex Ante HeterogeneityRandall WrightSylvia Xiaolin XiaoYu ZhuJanuary 2019EE2E22E4E44