Results 1 - 1 of 1 for Federal Funds Rate [Author: Elias Dinopoulos]
Effects of Credit Supply on Unemployment and Income Inequality - Review
The Great Recession, which was preceded by the Financial Crisis, resulted in higher unemployment and income inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints.
research.stlouisfed.org/.../10/15/effects-of-credit-supply-on-unemployment-and-income-inequality
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