SELECTIVE CREDIT CONTROLS AND THE REAL INVESTMENT MIX: A GENERAL EQUILIBRIUM APPROACH

Authors

  • D. C. Rao,

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    • International Bank for Reconstruction and Development and Federal Reserve Bank of Philadelphia, respectively. The paper was completed while Mr. Rao was affiliated with the Federal Reserve Bank of Philadelphia and the University of Pennsylvania. The authors are grateful to Richard G. Davis, Irwin Friend, Duane Harris, Dale Henderson, Donald Hodgman, Robert Rasche, Mark Willes and John Wood for helpful comments, but accept responsibility for all remaining errors. The views expressed in the paper are the authors' alone and do not necessarily reflect those of the Federal Reserve Bank of Philadelphia or the International Bank for Reconstruction and Development.

  • Ira Kaminow

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    • International Bank for Reconstruction and Development and Federal Reserve Bank of Philadelphia, respectively. The paper was completed while Mr. Rao was affiliated with the Federal Reserve Bank of Philadelphia and the University of Pennsylvania. The authors are grateful to Richard G. Davis, Irwin Friend, Duane Harris, Dale Henderson, Donald Hodgman, Robert Rasche, Mark Willes and John Wood for helpful comments, but accept responsibility for all remaining errors. The views expressed in the paper are the authors' alone and do not necessarily reflect those of the Federal Reserve Bank of Philadelphia or the International Bank for Reconstruction and Development.


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