Credit, Bankruptcy, and Aggregate Fluctuations
收藏NBER2014-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20617
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资源简介：
We ask two questions related to how access to credit affects the nature of business cycles. First, does the standard theory of unsecured credit account for the high volatility and procyclicality of credit and the high volatility and countercyclicality of bankruptcy filings found in U.S. data? Yes,
提供机构：
美国国家经济研究局
创建时间：
2014-10-01
