| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9549244 | Economics Letters | 2005 | 6 Pages |
Abstract
We provide a simple model of sticky nominal debt contracts and fixed rate debt that can easily be embedded in a dynamic general equilibrium framework. Once linearised, the debt process increases the order of autoregressive dynamics in the system by one; thus potentially introducing more complex adjustment processes.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Liam Graham, Stephen Wright,