Costly external finance, reallocation, and aggregate productivity
نویسندگان
چکیده
منابع مشابه
Costly external finance and labor market dynamics
We study the role of agency frictions and costly external finance in cyclical labor market dynamics, with a focus on how credit-market frictions may amplify aggregate TFP shocks. The main result is that aggregate TFP shocks lead to large fluctuations of labor market quantities if the model is calibrated to the empirically observed countercyclicality of the finance premium. A financial accelerat...
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Title of Dissertation / Thesis: RESOURCE REALLOCATION, PRODUCTIVITY DYNAMICS, AND BUSINESS CYCLES Min Ouyang, Doctor of Philosophy, 2005 Dissertation / Thesis Directed By: Professor John Shea, Department of Economics Professor John Rust, Department of Economics This dissertation explores the interactions between resource reallocation, productivity dynamics and business cycles. A theory that com...
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ژورنال
عنوان ژورنال: Journal of Productivity Analysis
سال: 2010
ISSN: 0895-562X,1573-0441
DOI: 10.1007/s11123-010-0197-8