| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7720 |
| 来源ID | Working Paper 7720 |
| Institutions, Restructuring, and Macroeconomic Performance | |
| Ricardo J. Caballero; Mohamad L. Hammour | |
| 发表日期 | 2000-05-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | A growing body of new research has emphasized the macroeconomic consequences of transactional impediments in factor markets, and their role in the recurrent restructuring requirements of modern economies. We first review the function institutional arrangements play in facilitating transactions and explore the macroeconomic consequences of poor institutions. As an application, we discuss the lessons that can be learnt from observed changes in the nature of unemployment in Europe. We then analyze the effect the institutional environment can have on macroeconomic restructuring. In light of this framework we revisit the question of the relationship between recessions and restructuring activity, and review the recent evidence of reduced restructuring following recessions. We also discuss corroborating evidence from merger waves' in the restructuring of corporate assets. |
| 主题 | Macroeconomics ; Financial Economics ; Corporate Finance |
| URL | https://www.nber.org/papers/w7720 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565281 |
| 推荐引用方式 GB/T 7714 | Ricardo J. Caballero,Mohamad L. Hammour. Institutions, Restructuring, and Macroeconomic Performance. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7720.pdf（334KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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