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This paper proposes a model that links households and firms, as usual, by markets for factors and goods and, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium, agency costs and tax benefits of corporate debt are...
Persistent link: https://www.econbiz.de/10005464696
Can a large-scale defcit spending program speed up recovery after recession? To answer that question we calibrate a …
Persistent link: https://www.econbiz.de/10004993710
Recent empirical research has shown that income per capita in the aftermath of natural disasters is not necessarily lower than before the event. In many cases, income is not significantly affected and surprisingly, can even respond positively to natural disasters. Here, we propose a simple...
Persistent link: https://www.econbiz.de/10011076218
from a recession in the medium-run. …
Persistent link: https://www.econbiz.de/10010954341
fiscal stimulus slows down economic recovery from recession in the medium-run. We discuss the slowdown from recovery w ….r.t. alternative assumptions about the size and persistence of the initial shock (severity of the recession), the assumed power of the … similar independent from whether a recession was caused by an efficiency wedge (input-financing frictions) or a labor wedge …
Persistent link: https://www.econbiz.de/10010957288
fiscal stimulus slows down economic recovery from recession in the medium-run. We discuss the slowdown from recovery w ….r.t.\ alternative assumptions about the size and persistence of the initial shock (severity of the recession), the assumed power of the … similar independent from whether a recession was caused by an efficiency wedge (input-financing frictions) or a labor wedge …
Persistent link: https://www.econbiz.de/10008853128
«Статистические ряды РЭБª охватывают широкий круг показателей хозяйственной деятельности промышленных предприятий России. В статье представлены основные...
Persistent link: https://www.econbiz.de/10011270648
«Статистические ряды РЭБ» охватывают широкий круг показателей хозяйственной деятельности промышленных предприятий России. В статье представлены основные...
Persistent link: https://www.econbiz.de/10011248498
«Статистические ряды РЭБ» охватывают широкий круг показателей хозяйственной деятельности промышленных предприятий России. В статье представлены основные...
Persistent link: https://www.econbiz.de/10011248500
«Статистические ряды РЭБ» охватывают широкий круг показателей хозяйственной деятельности промышленных предприятий России. В статье представлены основные...
Persistent link: https://www.econbiz.de/10011248501