effect on the working capital positions of UK firms and this, in turn, is likely to have affected the United Kingdom's supply … paper we first document the behaviour of working capital in the United Kingdom. In order to understand the effects of … working capital on macroeconomic variables, we then solve and calibrate a DSGE model that introduces an explicit role for the …

​This paper studies episodes of exceptionally large capital inflows. We find that these events are typically … accompanied by an economic boom, and followed by a slump. Moreover, during episodes of large capital inflows capital and labor …. However, accumulating reserves during the period in which capital inflows are unusually large appears to limit the extent of …