Kiyotaki–Moore model
id:
kiyotaki-moore-model-317-12292664
title:
Kiyotaki–Moore model
text:
The Kiyotaki–Moore model of credit cycles is an economic model developed by Nobuhiro Kiyotaki and John H. Moore that shows how small shocks to the economy might be amplified by credit restrictions, giving rise to large output fluctuations. The model assumes that borrowers cannot be forced to repay their debts. Therefore, in equilibrium, lending occurs only if it is collateralized. That is, borrowers must own a sufficient quantity of capital that can be confiscated in case they fail to repay. Thi
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Kiyotaki%E2%80%93Moore_model
date created:
date modified:
2023-05-30T13:44:30Z
main entity:
{"identifier":"Q6419157","url":"https://www.wikidata.org/entity/Q6419157"}
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