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Financial factors in economic fluctuations
Christiano, Lawrence J.; Motto, Roberto; Rostagno, Massimo - 2010
We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...
Persistent link: https://www.econbiz.de/10003973320
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How important are financial frictions in the US and the Euro area
Queijo von Heideken, Virginia (contributor) - 2008
This paper aims to evaluate if frictions in credit markets are important for business cycles in the U.S. and the Euro area. For this purpose, I modify the DSGE financial accelerator model developed by Bernanke, Gertler and Gilchrist (1999) by adding frictions such as price indexation to past...
Persistent link: https://www.econbiz.de/10003721304
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Female entrepreneurship, financial frictions and capital misallocation in the US
Morazzoni, Marta; Sy, Andrea - 2021 - Revised: November 2021
Persistent link: https://www.econbiz.de/10012872767
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Liquidity constraints, household wealth, and entrepreneurship revisited
Fairlie, Robert W.; Krashinsky, Harry A. - 2011
A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship … entrepreneurship and a different measure of wealth - net housing equity - for the two groups. Second, we examine the liquidity … probability of entrepreneurship by 17 percent and that the effect is not concentrated at the upper tail of the distribution. These …
Persistent link: https://www.econbiz.de/10010288115
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Business risk, credit constraints, and corporate taxation
Meh, Césaire Assah - In: Journal of economic dynamics & control 32 (2008) 9, pp. 2971-3008
Persistent link: https://www.econbiz.de/10003775156
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Financial intermediation with credit constrained agents
Boháček, Radim - In: Journal of macroeconomics 29 (2007) 4, pp. 741-759
Persistent link: https://www.econbiz.de/10003586691
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Entrepreneurship, wealth, liquidity constraints and start-up costs
Fonseca, Raquel (contributor);  … - 2007
entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship …. The model predicts that, with liquidity constraints, the probability of entering entrepreneurship is an increasing … wealth profile for the fraction of workers in entrepreneurship, start-up costs weaken this relationship by depressing the …
Persistent link: https://www.econbiz.de/10003609770
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The advantage of experienced start-up founders in venture capital acquisition : evidence from serial entrepreneurs
Zhang, Junfu (contributor) - 2007
Existing literature suggests that entrepreneurs with prior firm-founding experience have more skills and social connections than novice entrepreneurs. Such skills and social connections could give experienced founders some advantage in the process of raising venture capital. This paper uses a...
Persistent link: https://www.econbiz.de/10003632107
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Entrepreneurship, frictions, and wealth
Cagetti, Marco; De Nardi, Mariacristina - In: Journal of political economy 114 (2006) 5, pp. 835-870
Persistent link: https://www.econbiz.de/10003387119
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Financial constraints and entrepreneurial investment
Boháček, Radim - In: Journal of monetary economics 53 (2006) 8, pp. 2195-2212
Persistent link: https://www.econbiz.de/10003394399