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Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
bank credit financial intermediation firm heterogeneity and defaults interest rate spread real financial linkages
2012/10/23
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are...
Inflation and the business cycle during the postwar period
business cycle Inflation postwar period
2009/5/31
At this stage of the economic expansion, the moderate rise in consumer prices is consistent with the record for similar cyclical periods since the end of World War II.
Employment dynamics：small and large firms over the business cycle
Employment dynamics firms business cycle
2009/3/24
The use of the dynamic-sizing approach to measuring employment growth by size of firm provides information useful in the debate on small firm versus large firm job creation.
Individuals' Unemployment Durations over the Business Cycle
Unemployment duration model business cycles
2013/10/18
Using a large panel of administrative records this study confirms the predictions of the ranking model of Blanchard and Diamond (1994) that an individual’s probability of leaving unemployment decrease...
Individuals' Unemployment Experiences: Heterogeneity and Business Cycle Effects
Unemployment duration model business cycles
2013/10/18
This study examines individuals’ unemployment experiences from the age of 18 up to the age of 35 using a large panel of administrative records on unemployment related benefit claims of men in the Unit...