We develop a tractable general equilibrium framework providing a direct mapping between (i) the supply and demand for … capital supply, while firm profitability drives demand. Heterogeneity in supply and demand factors determines the sign of the …, investment, and profitability. We estimate the supply and demand schedules of over 4,000 U.S. firms and verify that the model …

Kilian and Park (IER 50 (2009), 1267-287) find shocks to oil supply are relatively unimportant to understanding changes … in U.S. stock returns. We examine the impact of both U.S. and non-U.S. oil supply shocks on U.S. stock returns in light … disaggregation of world oil supply and of the recent extraordinary surge in the U.S. oil production for analysing impact on U …

We study how debt market frictions that constrain the ability of firms to buffer a tightening in bank credit supply …

crisis, we observe (not estimate) limit order demand and supply curves for individual stocks. Both curves have demonstrably … financial variables revert to pre-crisis norms. Superimposed upon this common long-term modulation, individual stocks' supply … demand curve, it tends simultaneously to exhibit an unusually inelastic supply curve, and vice versa. These findings have …

crisis, we observe (not estimate) limit order demand and supply curves for individual stocks. Both curves have demonstrably … financial variables revert to pre-crisis norms. Superimposed upon this common long-term modulation, individual stocks' supply … demand curve, it tends simultaneously to exhibit an unusually inelastic supply curve, and vice versa. These findings have …