Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle
收藏NBER2014-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20081
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资源简介：
This paper estimates a business cycle model with endogenous financial asset supply and ambiguity averse investors. Firms' shareholders choose not only production and investment, but also capital structure and payout policy subject to financial frictions. An increase in uncertainty about profits
提供机构：
美国国家经济研究局
创建时间：
2014-05-01
