Search Results - "financial friction"

Journal Article

Macroprudential and Monetary Policy Rules in a Model with Collateral Constraints

by Żoch, Piotr Published in Gospodarka narodowa (Warsaw, Poland : 1990) (30.06.2020)

“...We compare the welfare and macroeconomic effects of monetary policy and macroprudential policy, in particular one targeting the loan-to-value (LTV) ratio. We...”

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Journal Article

Intertemporal equilibrium with financial asset and physical capital

by Cuong Le Van Ngoc-Sang Pham
edited by Prescott, Edward C Yannelis, Nicholas C Araujo, Aloisio Bonnisseau, Jean-Marc
Published in Economic theory (01.06.2016)

“...We build an infinite-horizon dynamic deterministic general equilibrium model with imperfect markets (borrowing constraints), in which heterogeneous agents...”

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Journal Article

Savings Wedge, Productivity Growth, and International Capital Flows

by Ly Dai Hung Published in Journal of economic integration (01.09.2020)

“...The empirical evidence derived from an analysis of a panel sample of 162 economies for the 1980-2013 period demonstrates that a higher productivity growth rate...”

Journal Article

Real Effects of Working Capital Shocks : Theory and Evidence from Micro Data

by Mahmoudzadeh, Amineh Nili, Masoud Nili, Farhad Published in The Quarterly review of economics and finance (21.07.2017)

“...Our study investigates the real consequences of variations in the first and second moments of working capital requirement (WCR) in the presence of financial...”

Journal Article

Propagation of financial shocks in an input-output economy with trade and financial linkages of firms

by Luo, Shaowen Published in Review of economic dynamics (01.04.2020)

“...Firms are connected through the production network, in which the production linkages coincide with financial linkages owing to delays in input payments that...”

Journal Article

Welfare Cost of Fluctuations When Labor Market Search Interacts with Financial Frictions

by ILIOPULOS, ELENI LANGOT, FRANÇOIS SOPRASEUTH, THEPTHIDA Published in Journal of money, credit and banking (01.12.2019)

“...We study the welfare costs of business cycles in a search and matching model with financial frictions. The model replicates the volatility on labor and...”

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Journal Article

The redistributive effects of forward guidance

by Baek, Seungjun Published in Economics letters (01.09.2019)

“...We examine the redistributive effects of forward guidance under the zero lower bound. We show that the effects of forward guidance depend on savers’ asset...”

Journal Article

Listing advantages around the world

by Ueda, Kenichi Sharma, Somnath Published in Journal of the Japanese and international economies (01.12.2020)

“...•Listed firms have lower ROA than similar unlisted firms in many countries.•Their capital-labor ratios are also higher in many countries.•These imply that the...”

Journal Article

FINANCE AND PRODUCTIVITY: A LITERATURE REVIEW

by Heil, Mark Published in Journal of economic surveys (01.12.2018)

“...This paper surveys a broad range of studies and highlights the main findings of the empirical literature regarding business finance and productivity. Numerous...”

Journal Article

Bank efficiency and industry growth during financial crises

by Diallo, Boubacar Published in Economic modelling (01.01.2018)

“...Financial crises pose many problems for growth, and in this time of increasing financial instability it is important to fully understand why this happens. Many...”

Journal Article

Housing investment in urban China

by Cao, Yujin Chen, Jidong Zhang, Qinghua Published in Journal of Comparative Economics (01.03.2018)

“...•A framework to study how expected housing capital gains impact households' housing investment decisions when subject to financial constraints.•Households are...”

Journal Article

Institutional Quality, Financial Friction, and Sustained Economic Growth: The Case of China

by Li, Junqing Han, Qiheng Liu, Pengfei Zhang, Jianbo Published in Emerging markets finance & trade (13.11.2020)

“...Can an economy achieve sustained growth without significant improvement in institutional quality? What are the differences in the driving forces of short- and...”

Journal Article

Taking financial frictions to the data

by Suh, Hyunduk Walker, Todd B Published in Journal of economic dynamics & control (01.03.2016)

“...We estimate a Dynamic Stochastic General Equilibrium (DSGE) model with various financial frictions and analyze how well the model explains the Great Recession...”

Journal Article

Credit spread variability in the U.S. business cycle: The Great Moderation versus the Great Recession

by Hollander, Hylton Liu, Guangling Published in Journal of banking & finance (01.06.2016)

“...This paper identifies the prevailing financial factors that influence credit spread variability and shows how they affected the U.S. business cycle during the...”

Journal Article

Financial frictions on capital allocation: A transmission mechanism of TFP fluctuations

by Chen, Kaiji Song, Zheng Published in Journal of monetary economics (01.09.2013)

“...This paper provides a theory of financial frictions as a transmission mechanism for news shocks to drive aggregate TFP fluctuations. We show that in an economy...”

Journal Article

Is fiscal expansion more effective in a financial crisis?

by Ashihara, Ayato Kameda, Keigo Published in Applied economics letters (19.01.2018)

“...After the Great Recession, the Keynesian expansionary policy has been regarded as an effective measure, especially under imperfect financial market conditions...”

Journal Article

Debt market friction, firm-specific knowledge capital accumulation and macroeconomic implications

by Wang, Yicheng Published in Review of economic dynamics (01.10.2017)

“...This paper studies research and development (R&D) investment and accumulation of firm-specific knowledge capital (i.e., human capital) in the presence of debt...”

Journal Article

Real effects of working capital shocks: Theory and evidence from micro data

by Mahmoudzadeh, Amineh Nili, Masoud Nili, Farhad Published in The Quarterly review of economics and finance (01.02.2018)

“...•We investigate the real consequences of shocks to the working capital requirement (WCR) in the presence of financial frictions.•The uncertainty of being...”

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