Capital Flows, Real Estate, and Local Cycles: Evidence from German Cities, Banks, and Firms
收藏NBER2020-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26820
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资源简介：
We study how an aggregate bank flow shock impacts German cities' GDP growth depending on the state of their local real estate markets. Identification exploits a policy framework assigning refugees to cities on a quasi-random basis and variation in non-developable area for the construction of a
提供机构：
美国国家经济研究局
创建时间：
2020-03-01
