Title:

Durable Goods, Financial Frictions, and Business Cycles in Emerging Economies

Authors:

Fernando Alvarez-Parra (Development Bank of Latin America, Central U Venezuela)
Luis Brandao-Marques (IMF)
Manuel Toledo (ITAM, Mexico City)

Journal:

Journal of Monetary Economics

Year:

2013

Volume:

60

Number:

6

Pages:

720-736

JEL codes:

E32 - Business Fluctuations; Cycles
O11 - Macroeconomic Analyses of Economic Development
E21 - Macroeconomics: Consumption; Saving; Aggregate Physical and Financial Consumer Wealth

DOI:

10.1016/j.jmoneco.2013.05.004