Household leveraging and deleveraging

Staggered prices in a utility-maximizing framework

Guillermo A. Calvo · Journal of Monetary Economics · 1983 · 7.4K citations

Business, Business Economics, Economics +10

Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy

Lawrence J. Christiano, Martin Eichenbaum, Charles L. Evans · Journal of Political Economy · 2005 · 5.9K citations

Social Sciences, Economics, Labor Economics +11

Credit Cycles

Nobuhiro Kiyotaki, John Moore · Journal of Political Economy · 1997 · 4.7K citations

Social Sciences, Business Economics, Economics +17

Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach

Frank Smets, Rafael Wouters · American Economic Review · 2007 · 4.7K citations

Social Sciences, Business Economics, Economics +17

House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle

Matteo Iacoviello · American Economic Review · 2005 · 2.5K citations

Social Sciences, Business Economics, Economics +17