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Risk-adjusted capital allocation and misallocation
David, Joel M.
;
Schmid, Lukas
;
Zeke, David
-
2020
productivity
by as much as 6%, suggesting large "
productivity
costs" of business cycles. …
Persistent link: https://www.econbiz.de/10012653032
Saved in:
2
Risk-taking, capital allocation and optimal monetary policy
David, Joel M.
;
Zeke, David
-
2021
total factor
productivity
(TFP) is endogenous and depends on the resource allocation. The model uncovers a novel tradeoff …
Persistent link: https://www.econbiz.de/10012653034
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