Showing 1 - 10 of 22,511
Persistent link: https://www.econbiz.de/10014306808
Persistent link: https://www.econbiz.de/10012609609
We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …
Persistent link: https://www.econbiz.de/10011975741
We develop an extended real business cycle (RBC) model with financially con-strained firms and non-pledgeable intangible capital. Based on a model-consistentseries for firms' borrowing conditions, we find, within a structural vector autoregres-sion (SVAR) framework, that, in response to an...
Persistent link: https://www.econbiz.de/10012826228
Persistent link: https://www.econbiz.de/10013390699
Persistent link: https://www.econbiz.de/10000656317
Persistent link: https://www.econbiz.de/10011643648
Persistent link: https://www.econbiz.de/10010510874
Persistent link: https://www.econbiz.de/10012696846
After the Great Financial Crisis of 2007-2008, macroprudential policy has increasingly become the mainstream. New institutions and regulations were introduced for macroprudential supervision in the EU Member States as well as at the supranational level. This leads us to the research question:...
Persistent link: https://www.econbiz.de/10012259949