14-462s07.jpg
Description:
Graph of a persistent shock with ? = 0.5. Learn more in Countercyclical Liquidity Premia in lecture notes. (Figure courtesy of Prof. Lorenzoni.)
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14-462s07.jpg
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Graph of a persistent shock. At long times, financial frictions approaches frictionless.
Caption:
Graph of a persistent shock with ρ = 0.5. Learn more in Countercyclical Liquidity Premia in lecture notes. (Figure courtesy of Prof. Lorenzoni.)
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Spring
2007
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Lecture Notes
