shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many years …

We analyze shocks to productivity, collateral constraint (credit shock), firm operation, and labor disutility in a …. Compared to the productivity shock, the credit and the lockdown shocks generate larger changes in firm entry and exit. The … credit shock accounts for lower entry, higher exit, and concentration of exit among young firms during the Great Recession …

a shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many …

demand. I then show in a heterogeneous firm model with endogenous entry that a large financial shock reduces firm entry …

entry and financial constraints that a large financial shock results in a long-lasting recession caused by a "missing …

entry and financial constraints that a large financial shock results in a long-lasting recession caused by a \"missing …

constructed metric in a simple VAR framework I show that real effects are there, that shock to the volatile uncertainty causes … significant downturn/overshoot pattern, and that shock to the persistent component causes severe and prolonged damage …

A growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in … sufficiently strong, a technology shock also has a negative effect on output in the short run. -- Open economy macroeconomics …