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The Effect of Bank Shocks on Firm-Level and Aggregate Investment
Amador, João - 2016
We show that credit supply shocks have a strong impact on firm-level as well as aggregate investment by applying the … methodology developed by Amiti and Weinstein (2013) to a rich dataset of matched bank-firm loans in the Portuguese economy for the … growth rate of individual loans in our dataset is decomposed into bank, firm, industry and common shocks. Adverse bank shocks …
Persistent link: https://www.econbiz.de/10012987210
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The Effect of Bank Shocks on Firm-Level and Aggregate Investment
Amador, João - 2016
We show that credit supply shocks have a strong impact on firm-level as well as aggregate investment by applying the … methodology developed by Amiti and Weinstein (2013) to a rich dataset of matched bank-firm loans in the Portuguese economy for the … growth rate of individual loans in our dataset is decomposed into bank, firm, industry and common shocks. Adverse bank shocks …
Persistent link: https://www.econbiz.de/10012988608
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Behavior of interest rates in a general equilibrium multisector model with irreversible investment
Coleman, Wilbur John - In: Macroeconomic dynamics 1 (1997) 1, pp. 206-227
Persistent link: https://www.econbiz.de/10001337434
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Finance and Synchronization
Cesa-Bianchi, Ambrogio - 2016
triggers international investment. In the data, filtering out common shocks requires therefore allowing for country …
Persistent link: https://www.econbiz.de/10012984164
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Debunking the granular origins of aggregate fluctuations : from real business cycles back to Keynes
Dosi, Giovanni; Napoletano, Mauro; Roventini, Andrea; … - 2018
evidence of a "demand granularity", based on investment growth shocks instead. The role of demand in explaining aggregate …
Persistent link: https://www.econbiz.de/10011873811
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External shocks, trade margins, and macroeconomic dynamics
D'Addona, Stefano; Cavallari, Lilia - In: Economies : open access journal 8 (2020) 1/6, pp. 1-26
This paper studies the role of the exchange rate regime for trade of new products. It first provides VAR evidence that a rise in external productivity shifts trade away from new products and more so in fixed regimes. Then, it presents a model with firm dynamics in line with this evidence. We...
Persistent link: https://www.econbiz.de/10012168776
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Does the Current Expected Credit Loss Approach Decrease the Procyclicality of Banks’ Lending?
Chen, Jing; Dou, Yiwei; Ryan, Stephen G.; Zou, Youli - 2022
In the wake of the financial crisis, policymakers expressed the concern that banks’ use of the incurred loss model exacerbates their lending procyclicality by delaying the recognition of loan losses to recessions. Responding to this concern, the FASB issued Accounting Standards Update 2016-13,...
Persistent link: https://www.econbiz.de/10013406519
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Determinants of Bank-Level Deposit Volatility : Evidence from the German Banking System
Streit, Daniel - 2016
This study reviews the existing literature on the determinants of bank-level deposit volatility and is the first to …, bank equity capitalization and funding risk that are identified as further determinants. Besides mapping avenues for future … research, the findings are relevant for bank management since they may help to improve efficiency of risk management routines …
Persistent link: https://www.econbiz.de/10012980154
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Land prices and unemployment
Liu, Zheng; Miao, Jianjun; Zha, Tao - 2013
business cycle. Second, a shock that moves the land price is capable of generating large volatility in unemployment. Our …
Persistent link: https://www.econbiz.de/10010126854
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Cyclical consumption
Berger, Tino; Pozzi, Lorenzo - 2023
Recessions and expansions are often caused or reinforced by developments in private consumption - the largest component of aggregate demand - which, as a result, varies over the business cycle. As such, an accurate measurement of the cyclical component of consumption and an understanding of its...
Persistent link: https://www.econbiz.de/10014380708