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Modelling the public sector of Germany in the European business cycle model
Zwiener, Rudolf (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001727426
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Proceedings of the Conference "New Keynesian Approaches for Business Cycle Research" : Berlin, 11 June 1999 - German Institute for Economic Research, Freie Universität Berlin
Conference New Keynesian Approaches for Business Cycle … - 1999
Persistent link: https://www.econbiz.de/10001431398
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Macroeconomic uncertainty and firm leverage
Baum, Christopher F. (contributor);  … - 2004 - [Elektronische Ressource]
This paper investigates the link between the optimal level of non-financial firms' leverage and macroeconomic uncertainty. We develop a structural model of a firm's value maximization problem that predicts that as macroeconomic uncertainty increases the firm will decrease its optimal level of...
Persistent link: https://www.econbiz.de/10002243165