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Financial Frictions and Fluctuations in Volatility

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NBER2017-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22990
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During the recent U.S. financial crisis, the large decline in aggregate output and labor was accompanied by both a tightening of financial conditions and a large increase in the dispersion of growth rates across firms. The tightened financial conditions manifested themselves as increases in firms'
提供机构:
美国国家经济研究局
创建时间:
2017-01-01
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