Showing 1 - 10 of 5,133
Persistent link: https://www.econbiz.de/10003803487
Persistent link: https://www.econbiz.de/10001423584
Persistent link: https://www.econbiz.de/10000640321
Persistent link: https://www.econbiz.de/10002709436
Persistent link: https://www.econbiz.de/10009547713
Persistent link: https://www.econbiz.de/10010197539
This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...
Persistent link: https://www.econbiz.de/10012694566
The Great Recession has been characterised by the two stylized facts: the buildup of leverage in the household sector in the period preceding the recession and a protracted economic recovery that followed. We attempt to explain these two facts as an information friction, whereby agents are...
Persistent link: https://www.econbiz.de/10011656163
Persistent link: https://www.econbiz.de/10000960620
Persistent link: https://www.econbiz.de/10003678877