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Slow Debt, Deep Recessions
Jungherr, Joachim; Schott, Immo - 2020
Business credit lags GDP growth by about one year. This contributes to high leverage during recessions and slow deleveraging. We show that a model in which firms use risky long-term debt replicates this slow adjustment of firm debt. In the model, slow-moving debt has important effects for real...
Persistent link: https://www.econbiz.de/10014352158
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The Regulatory Effect : Did Regulatory Change Slow Credit Growth after the Great Depression and Great Recession?
Mahoney, Paul G. - 2019
whether increases in regulation-related costs reduced bank lending in the aftermath of both financial crises and discuss …
Persistent link: https://www.econbiz.de/10012868163
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Growth in European crisis countries : cyclical normality or the result of structural reforms?
Hielscher, Kai - In: Review of economics 67 (2016) 1, pp. 1-23
Persistent link: https://www.econbiz.de/10011551201
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Financial depth and post-2008 change of GDP
Pietrucha, Jacek; Acedański, Jan - In: Equilibrium : quarterly journal of economics and … 12 (2017) 3, pp. 469-482
Persistent link: https://www.econbiz.de/10012230868
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Level and dynamics of financial depth : consequences for volatility of GDP
Acedański, Jan; Pietrucha, Jacek - In: Applied economics 51 (2019) 31, pp. 3389-3400
Persistent link: https://www.econbiz.de/10012196840
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Business cycle in China since the Lehman crisis : interaction among macroeconomic policy, economic growth and inflation
Kwan, Chi-hung - In: China & world economy 21 (2013) 5, pp. 1-19
Persistent link: https://www.econbiz.de/10010251426
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Financial Frictions Investment and Tobin's q
Lorenzoni, Guido; Walentin, Karl - 2007
We develop a model of investment with financial constraints and use it to investigate the relation between investment and Tobin's q. A firm is financed partly by insiders, who control its assets, and partly by outside investors. When their wealth is scarce, insiders earn a rate of return higher...
Persistent link: https://www.econbiz.de/10014050959
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The Impact of Higher Quality Government Regulation of Business and Greater Economic Freedom on Living Standards : Evidence from OECD Nations
Cebula, Richard J. - 2016
. The policies are, as follows: higher quality government regulation of businesses and higher levels of economic freedom ….Design/methodology/approach– The paper first provides a basic model focussing upon the regulation and economic freedom variables. The study then adds a … indicate that for OECD nations, higher quality public regulation promotes entrepreneurial spirit and performance. Higher …
Persistent link: https://www.econbiz.de/10012991763
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The Impact of Higher Quality Government Regulation of Business and Greater Economic Freedom on the Growth and Level of Living Standards : Evidence from OECD Nations
Cebula, Richard J. - 2016
This study investigates the impacts of higher quality public regulation of business, as well as greater economic …
Persistent link: https://www.econbiz.de/10012994530
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Impact of the Crisis on Potential Growth : An Approach Based on Unobserved Component Models (in French)
Lemoine, Matthieu - 2011
This article aims at evaluating potential growth for France, Germany and the euro area during the period from after the 2007-2008 credit crisis until 2012. Such an assessment plays a central role in the determination of the structural deficit and therefore in the definition of consolidation...
Persistent link: https://www.econbiz.de/10013122568