Data for: Credit Crunches, Individual Heterogeneity and the Labor Wedge

Data, Datainbrief, and Matlab code for measuring the labor wedge, the labor wedge decomposition and business cycle facts over the Great Recession.

doi.org30

Anatomy of a Credit Crunch: From Capital to Labor Markets

Why are financial crises associated with a sustained rise in unemployment? We develop a tractable model with frictions in both credit and labor markets to study the aggregate and micro-level implicati

NBER2014-03-01 更新90

Aggregate Implications of a Credit Crunch

We take an off-the-shelf model with financial frictions and heterogeneity, and study the mapping from a credit crunch, modeled as a shock to collateral constraints, to simple aggregate wedges. We stud

NBER2012-01-01 更新30