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Money and capital as competing media of exchange
Lagos, Ricardo (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003390594
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Money and capital
Aruoba, S. Boragan; Waller, Christopher J.; Wright, Randall - Federal Reserve Bank of Cleveland - 2007
capital. This allows us to incorporate novel elements from the microfoundations literature on trading with frictions …
Persistent link: https://www.econbiz.de/10005729016
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Bridging the gap? Government subsidized lending and access to capital
Cortés, Kristle Romero; Lerner, Josh - Federal Reserve Bank of Cleveland - 2012
The consequences of providing public funds to financial institutions remain controversial. We examine the Community Development Financial Institution (CDFI) Fund’s impact on credit union activity, using hitherto little studied U.S. Treasury data. The CDFI Fund grants increase lending at credit...
Persistent link: https://www.econbiz.de/10011133734
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Tobin's Q, investment, and endogenous adjustment of financial structure
Osterberg, William P. - Federal Reserve Bank of Cleveland - 1988
An analysis of a q model of investment in which financial structure affects firm value, using a perfect foresight model of general equilibrium that includes a debt-related agency cost; uses the comparative statics and dynamics of changing the corporate tax rate as an illustration.
Persistent link: https://www.econbiz.de/10005428227
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Optimal fiscal policy when public capital is productive: a business- cycle perspective
Lansing, Kevin J. - Federal Reserve Bank of Cleveland - 1994
An examination of the business cycle implications of productive public capital in a two-sector, dynamic general … capital tax is more variable than the labor tax--features also observed in annual U.S. data. …
Persistent link: https://www.econbiz.de/10005428284
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Optimal fiscal policy, public capital, and the productivity slowdown
Cassou, Steven P.; Lansing, Kevin J. - Federal Reserve Bank of Cleveland - 1995
capital in the U.S. economy over the last 70 years, with an application to examining some possible causes of the slowdown in …
Persistent link: https://www.econbiz.de/10005428349
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Financial structure and the adjustment of capital stock
Osterberg, William P. - Federal Reserve Bank of Cleveland - 1988
An analysis of the corporate investment decision when financial structure has real effects, utilizing data for the U.S. manufacturing sector from 1954 to 1980.
Persistent link: https://www.econbiz.de/10005428381
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The return to capital and the business cycle
Gomme, Paul; Ravikumar, B.; Rupert, Peter - Federal Reserve Bank of Cleveland - 2006
surprising since real business cycle theory suggests that the return to capital should be measured by the return to aggregate … market capital, not stock market returns. We construct a quarterly time series of the after-tax return to business capital … volatility in the return to capital (relative to the volatility of output). We consider several departures from the benchmark …
Persistent link: https://www.econbiz.de/10005428417
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A note on absolute priority rule violations, credit rationing, and efficiency
Longhofer, Stanley D. - Federal Reserve Bank of Cleveland - 1995
An argument that APR violations exacerbate credit rationing problems by reducing the payment lenders receive in default states.
Persistent link: https://www.econbiz.de/10005729064
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Nearsighted justice
Bernhardt, Dan; Nosal, Ed - Federal Reserve Bank of Cleveland - 2003
Chapter 11 structures complex negotiations between creditors and debtors that are overseen by a bankruptcy court. This …
Persistent link: https://www.econbiz.de/10005729076