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The recession the United States economy entered in December of 2007 is considered to be the most severe downturn the country has experienced since the Great Depression. The unemployment rate reached as high as 10.1 percent in October 2009 - the highest we have seen since the 1982 recession. In...
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19 waves of the German Socioeconomic Panel. The findings suggest that the conditional probabilities of entry into …
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increases the firm will decrease its optimal level of borrowing. We test this proposition using a panel of non-financial US …
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