Firm Volatility and Credit: A Macroeconomic Analysis
收藏ICPSR2009-01-01 更新2026-04-16 收录
下载链接：
http://www.icpsr.umich.edu/icpsrweb/ICPSR/studies/25062
下载链接
链接失效反馈官方服务：
资源简介：
This paper examines a tractable real business cycle model with idiosyncratic productivity shocks and binding credit constraints on entrepreneurs. The model shows how firm volatility increases in combination with credit market development. It further generates the observed co-movement of credit and firm volatility with output at business cycle frequencies in response to aggregate productivity shocks.
提供机构：
University of Konstanz, and the Federal Reserve Bank of St. Louis
创建时间：
2009-01-01
