Capital reallocation is procyclical, despite measured productive reallocative opportunities being acyclical or even … countercyclical. This article reviews the advances in the literature studying the causes and consequences of capital reallocation (or … lack thereof). We provide a comprehensive set of stylized facts about capital reallocation for the United States and an …

Capital reallocation is procyclical, despite measured productive reallocative opportunities being acyclical, or even … countercyclical. This paper reviews the advances in the literature studying the causes and consequences of capital reallocation (or … lack thereof). We provide a comprehensive set of capital reallocation stylized facts for the US, and an illustrative model …

Capital reallocation is procyclical, despite measured productive reallocative opportunities being acyclical, or even … countercyclical. This paper reviews the advances in the literature studying the causes and consequences of capital reallocation (or … lack thereof). We provide a comprehensive set of capital reallocation stylized facts for the US, and an illustrative model …

Why is capital reallocation across firms procyclical and more volatile than investment? To answer the question, this … they are subject to partial capital irreversibility and financing constraints. Partial capital irreversibility generates …