Credit Constraints, Cyclical Fiscal Policy and Industry Growth
收藏NBER2009-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15119
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资源简介：
This paper evaluates whether the cyclical pattern of fiscal policy can affect growth. We first build a simple endogenous growth model where entrepreneurs can invest either in short-run projects or in long-term growth enhancing projects. Long-term projects involve a liquidity risk which credit
提供机构：
美国国家经济研究局
创建时间：
2009-06-01
