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Financial Fragility and Economic Performance

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NBER1987-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2318
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Applied macroeconomists (e.g., Eckstein and Sinai (1986)) have stressed the role of financial variables, such as firm balance sheet positions, in the determination of investment spending and output. Our paper presents a formal analysis of this link. We develop a model of the process of investment
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1987-07-01
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