Macroeconomic Effects of Financial Shocks
收藏NBER2009-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15338
下载链接
链接失效反馈官方服务：
资源简介：
In this paper we document the cyclical properties of U.S. firms' financial flows. Equity payouts are procyclical and debt payouts are countercyclical. We develop a model with explicit roles for debt and equity financing and explore how the observed dynamics of real and financial variables are
提供机构：
美国国家经济研究局创建时间：
2009-09-01
