Essays on aggregate dynamics: externalities, liquidity and financial crises

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Essays on aggregate dynamics: externalities, liquidity and financial crises

In the second chapter, we consider a mechanism of unstable fluctuations of aggregate investments by means of a global game approach. For this purpose, we extended a static global game to a dynamic one and paid attention to the effect of past aggregate investments on current profitability. Once this...

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Bibliographic Details
Main Author:	Ochiai, Hiroshi
Format:	Thesis (University of Nottingham only)
Language:	English
Published:	2012
Subjects:	Business cycles financial crises
Online Access:	https://eprints.nottingham.ac.uk/12525/

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