Fernandez-Corugedo, Emilio; McMahon, Michael; Millard, … - Bank of England - 2011
effect on the working capital positions of UK firms and this, in turn, is likely to have affected the United Kingdom’s supply … paper we first document the behaviour of working capital in the United Kingdom. In order to understand the effects of … working capital on macroeconomic variables, we then solve and calibrate a DSGE model that introduces an explicit role for the …