Showing 1 - 10 of 947
We address an important business cycle fact, i.e., the amplified and hump-shaped responses of output to productivity shocks, in a dynamic general equilibrium model with financial frictions. Models with financial frictions in the current literature have either the amplification mechanism or the...
Persistent link: https://www.econbiz.de/10003449270
Persistent link: https://www.econbiz.de/10003687471
Persistent link: https://www.econbiz.de/10010253086
In this paper, we show that news on future technological improvement can trigger an immediate economic expansion in a model with financial friction on capital allocation. The arrivial of good news on future technology reduces such frictions and generates significant increase in current Total...
Persistent link: https://www.econbiz.de/10012729734
Persistent link: https://www.econbiz.de/10009544841
Persistent link: https://www.econbiz.de/10010250579
Persistent link: https://www.econbiz.de/10010417533
Persistent link: https://www.econbiz.de/10010423063
Persistent link: https://www.econbiz.de/10009682965
The purpose of this work is to verify the existence of financial constraints for investment in Brazil, an emerging …-cash flow sensitivity. Investment-cash flow sensitivity of financially constrained firms in Brazil is higher than that in the UK … and in Romania, a transition economy. These results extend empirical evidence of financial constraints in Brazil …
Persistent link: https://www.econbiz.de/10013064330