Misallocation and Asset Prices
收藏NBER2024-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32147
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资源简介：
We develop an endogenous growth model with heterogeneous firms facing financial frictions, where capital misallocation emerges as a key endogenous state variable. Misallocation is endogenously driven by transitory aggregate liquidity shocks, as firms with different productivity levels respond
提供机构：
美国国家经济研究局
创建时间：
2024-02-01
