| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14351 |
| 来源ID | Working Paper 14351 |
| Costly Financial Intermediation in Neoclassical Growth Theory | |
| Rajnish Mehra; Facundo Piguillem; Edward C. Prescott | |
| 发表日期 | 2008-09-19 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | The neoclassical growth model is extended to include costly intermediated borrowing and lending between households. This is an important extension as substantial resources are used in intermediating the large amount of borrowing and lending between households. In 2007, in the United States, the amount intermediated was 1.7 times GNP, and the resources used in this intermediation amounted to at least 3.4 percent of GNP. The theory implies that financial intermediation services are an intermediate good and that the spread between borrowing and lending rates measures the efficiency of the financial sector. |
| 主题 | Macroeconomics ; Consumption and Investment ; Money and Interest Rates ; Fiscal Policy ; Financial Economics ; Financial Markets ; Portfolio Selection and Asset Pricing ; Financial Institutions |
| URL | https://www.nber.org/papers/w14351 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572025 |
| 推荐引用方式 GB/T 7714 | Rajnish Mehra,Facundo Piguillem,Edward C. Prescott. Costly Financial Intermediation in Neoclassical Growth Theory. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14351.pdf（2280KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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