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The Cost of Recessions Revisited: A Reverse-Liquidationist View

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NBER1999-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7355
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The observation that liquidations are concentrated in recessions has long been the subject of controversy. One view holds that liquidations are beneficial in that they result in increased restructuring. Another view holds that liquidations are privately inefficient and essentially wasteful. This
提供机构:
美国国家经济研究局
创建时间:
1999-09-01
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