Credit Risk and Disaster Risk
收藏NBER2011-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17026
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资源简介：
Corporate credit spreads are large, volatile, countercyclical, and significantly larger than expected losses, but existing macroeconomic models with financial frictions fail to reproduce these patterns, because they imply small and constant aggregate risk premia. Building on the idea that corporate
提供机构：
美国国家经济研究局
创建时间：
2011-05-01
