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The real effects of liquidity during the financial crisis : evidence from automobiles
Benmelech, Efraim; Meisenzahl, Ralf R.; Ramcharan, Rodney - In: The quarterly journal of economics 132 (2017) 1, pp. 317-365
Persistent link: https://www.econbiz.de/10011752449
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Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis
Hall, Robert E. - 2014
largest was a shortfall of 3.5 percentage points in total factor productivity. The fourth was a shortfall of 2.4 percentage … in the labor market and pessimistic about reversing the declines in total factor productivity and the part of the …
Persistent link: https://www.econbiz.de/10013053148
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The Real Effects of Liquidity During the Financial Crisis : Evidence from Automobiles
Benmelech, Efraim - 2016
Illiquidity in short-term credit markets during the financial crisis might have severely curtailed the supply of non-bank consumer credit. Using a new data set linking every car sold in the United States to the credit supplier involved in each transaction, we find that the collapse of the...
Persistent link: https://www.econbiz.de/10012994914
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Subsidizing Fuel Efficient Cars : Evidence from China's Automobile Industry
Chen, Chia-Wen - 2017
The Chinese automobile market is the largest in the world with annual sales exceeding 20 million vehicles. The tremendous growth in sales---over 200 percent from 2008 to 2015---and concerns over local air quality have prompted China's policy makers to incentivize the adoption of more fuel...
Persistent link: https://www.econbiz.de/10012965426
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Germany's Economic Unification : An Assessment after Ten Years
Sinn, Hans-Werner - 2011
west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 55% of …
Persistent link: https://www.econbiz.de/10013132721
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Macroeconomic Implications of Production Bunching
Cooper, Russell - 2010
The literature on inventory holdings stresses their role in smoothing production when costs are convex. Existing empirical evidence suggests that output is more variable than consumption so that production smoothing is not apparently present. One way of explaining this finding is to allow for...
Persistent link: https://www.econbiz.de/10013139036
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Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment
Leduc, Sylvain - 2012
, over several years, of public highway capital which then temporarily boosts private sector productivity and local demand …
Persistent link: https://www.econbiz.de/10013107013
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Highway to Success : The Impact of the Golden Quadrilateral Project for the Location and Performance of Indian Manufacturing
Ghani, Syed Ejaz - 2014
entry rates and increases in plant productivity. These results are not present for districts located on another major …
Persistent link: https://www.econbiz.de/10013065088
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The Granular Origins of Aggregate Fluctuations
Gabaix, Xavier - 2009
provide a microfoundation for aggregate productivity shocks. Existing research has focused on using aggregate shocks to …
Persistent link: https://www.econbiz.de/10013156857
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The Macroeconomics of a Pandemic : A Minimalist Model
Céspedes, Luis Felipe - 2020
productivity-related: if the virus forces firms to shed labor beyond a certain threshold, productivity suffers. The second … collateral. Expected productivity determines collateral value; in turn, collateral value can limit borrowing and productivity. As … borrowing and low employment and productivity. The model helps identify policies to fight the effects of the pandemic …
Persistent link: https://www.econbiz.de/10012833117