{"id":"https://openalex.org/W2107958788","doi":"https://doi.org/10.1086/261658","title":"Cost of Business Cycles with Indivisibilities and Liquidity Constraints","display_name":"Cost of Business Cycles with Indivisibilities and Liquidity Constraints","publication_year":1989,"publication_date":"1989-12-01","ids":{"openalex":"https://openalex.org/W2107958788","doi":"https://doi.org/10.1086/261658","mag":"2107958788"},"language":"en","primary_location":{"id":"doi:10.1086/261658","doi":"https://doi.org/10.1086/261658","is_oa":false,"landing_page_url":"https://doi.org/10.1086/261658","pdf_url":null,"source":{"id":"https://openalex.org/S95323914","display_name":"Journal of Political Economy","issn_l":"0022-3808","issn":["0022-3808","1537-534X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","ki-jl-2","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Political Economy","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051273234","display_name":"Ay\u015fe \u0130mrohoro\u011flu","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Ay\u015fe Imrohoro\u011flu","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5051273234"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":6.8495,"has_fulltext":false,"cited_by_count":503,"citation_normalized_percentile":{"value":0.96257641,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":99,"max":100},"biblio":{"volume":"97","issue":"6","first_page":"1364","last_page":"1383"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9761000275611877,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9761000275611877,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.019999999552965164,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0010000000474974513,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.8930000066757202},{"id":"https://openalex.org/keywords/incomplete-insurance-markets","display_name":"incomplete insurance markets","score":0.8399999737739563},{"id":"https://openalex.org/keywords/indivisibility","display_name":"indivisibility","score":0.796999990940094},{"id":"https://openalex.org/keywords/liquidity-constraints","display_name":"liquidity constraints","score":0.9990000128746033},{"id":"https://openalex.org/keywords/welfare-costs","display_name":"welfare costs","score":0.7120000123977661},{"id":"https://openalex.org/keywords/idiosyncratic-risk","display_name":"idiosyncratic risk","score":0.972000002861023},{"id":"https://openalex.org/keywords/general-equilibrium","display_name":"general equilibrium","score":0.5130000114440918},{"id":"https://openalex.org/keywords/stochastic-processes","display_name":"stochastic processes","score":0.5540000200271606}],"concepts":[{"id":"https://openalex.org/C109354906","wikidata":"https://www.wikidata.org/wiki/Q6015174","display_name":"Incomplete markets","level":2,"score":0.7754285335540771},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.712770938873291},{"id":"https://openalex.org/C103382277","wikidata":"https://www.wikidata.org/wiki/Q282640","display_name":"General equilibrium theory","level":2,"score":0.6104693412780762},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6087857484817505},{"id":"https://openalex.org/C2780310539","wikidata":"https://www.wikidata.org/wiki/Q12547192","display_name":"Imperfect","level":2,"score":0.5963373780250549},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.5552477836608887},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.5125250816345215},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.48168954253196716},{"id":"https://openalex.org/C136969773","wikidata":"https://www.wikidata.org/wiki/Q5156507","display_name":"Complete market","level":2,"score":0.44344767928123474},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.37425094842910767},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.2823629379272461},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.14621099829673767},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.13363730907440186},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.061887890100479126},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1086/261658","doi":"https://doi.org/10.1086/261658","is_oa":false,"landing_page_url":"https://doi.org/10.1086/261658","pdf_url":null,"source":{"id":"https://openalex.org/S95323914","display_name":"Journal of Political Economy","issn_l":"0022-3808","issn":["0022-3808","1537-534X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","ki-jl-2","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Political Economy","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","score":0.5699999928474426,"display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":8,"referenced_works":["https://openalex.org/W1486229900","https://openalex.org/W1535342057","https://openalex.org/W1549880633","https://openalex.org/W2030691535","https://openalex.org/W2055543102","https://openalex.org/W2061044658","https://openalex.org/W2146207816","https://openalex.org/W2570834760"],"related_works":["https://openalex.org/W2217298764","https://openalex.org/W7095629093","https://openalex.org/W2069134289","https://openalex.org/W1553280960","https://openalex.org/W7072413799","https://openalex.org/W1569744502","https://openalex.org/W2162390867","https://openalex.org/W2241199652","https://openalex.org/W7098538623","https://openalex.org/W1532606311"],"abstract_inverted_index":{"It":[0],"is":[1],"almost":[2],"universally":[3],"agreed":[4],"that":[5],"individuals":[6],"face":[7],"incomplete":[8,27,54],"insurance":[9,28,40,55,78],"markets":[10,29,56],"and":[11,59],"cannot":[12],"perfectly":[13],"insure":[14],"against":[15],"the":[16,36,42,45,64],"idiosyncratic":[17],"risk.":[18],"In":[19],"this":[20],"paper":[21],"simple":[22],"general":[23],"equilibrium":[24,65],"models":[25],"with":[26,73],"are":[30,57,71],"examined":[31],"in":[32,68],"order":[33],"to":[34],"assess":[35],"impact":[37],"of":[38,44,48,53,63,75],"imperfect":[39],"on":[41],"magnitude":[43],"welfare":[46],"costs":[47],"business":[49],"cycles.":[50],"Two":[51],"versions":[52],"considered,":[58],"certain":[60],"statistical":[61],"properties":[62],"stochastic":[66],"processes":[67],"these":[69],"environments":[70],"compared":[72],"those":[74],"a":[76],"perfect":[77],"economy.":[79]},"counts_by_year":[{"year":2026,"cited_by_count":14},{"year":2025,"cited_by_count":19},{"year":2024,"cited_by_count":22},{"year":2023,"cited_by_count":34},{"year":2022,"cited_by_count":23},{"year":2021,"cited_by_count":14},{"year":2020,"cited_by_count":21},{"year":2019,"cited_by_count":18},{"year":2018,"cited_by_count":15},{"year":2017,"cited_by_count":18},{"year":2016,"cited_by_count":16},{"year":2015,"cited_by_count":7},{"year":2014,"cited_by_count":16},{"year":2013,"cited_by_count":18},{"year":2012,"cited_by_count":18}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2016-06-24T00:00:00"}