This article takes advantage of access to confidential matched bank-firm data relative to the Belgian economy to investigate whether and how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit constraints in the wake of the Great Recession. Variability...

Frontmatter -- Contents -- Acknowledgments -- Introduction -- Part I. The Corporate American Dream at Its Height and in Its Origins -- Part II. Corporate Failure and Government Fix -- Part III. The Corporation Strikes Back -- Part IV. What Manner of Man(ager)? -- Part V. The Corporation in the...

In Corporate Dreams, James Hoopes combines a historian's careful eye with an insider's perspective on the business world. This provocative volume tracks changes in government economic policy, changes in public attitudes toward big business, and changes in how corporate executives view...

This paper develops a Dynamic Stochastic General Equilibrium (DSGE) model to study how the instability of the banking sector can amplify and propagate business cycles. The model builds on Bernanke, Gertler and Gilchrist (BGG) (1999), who consider credit demand friction due to agency cost, but it...

This paper examines five possible explanations for the Great Recession of 2008 and 2009, using data for the United States and the eurozone. Of these five hypotheses, four are not supported by the data, while the fifth appears reasonable.