Chen, Han; Cúrdia, Vasco; Ferrero, Andrea - Federal Reserve Bank of New York - 2011
GDP growth by less than half a percentage point, although the effect on the level of GDP is very persistent. The program … financial market segmentation. If we enrich the set of observables with a measure of long-term debt, the semi-elasticity of the … risk premium to the amount of debt in private-sector hands is substantially smaller than that reported in the recent …