| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19296 |
| 来源ID | Working Paper 19296 |
| Credit Crunches and Credit Allocation in a Model of Entrepreneurship | |
| Marco Bassetto; Marco Cagetti; Mariacristina De Nardi | |
| 发表日期 | 2013-08-09 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We study the effects of credit shocks in a model with heterogeneous entrepreneurs, financing constraints, and a realistic firm size distribution. As entrepreneurial firms can grow only slowly and rely heavily on retained earnings to expand the size of their business in this set-up, we show that, by reducing entrepreneurial firm size and earnings, negative shocks have a very persistent effect on real activity. In determining the speed of recovery from an adverse economic shock, the most important factor is the extent to which the shock erodes entrepreneurial wealth. |
| 主题 | Macroeconomics ; Consumption and Investment ; Fiscal Policy |
| URL | https://www.nber.org/papers/w19296 |
| 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/576971 |
| 推荐引用方式 GB/T 7714 | Marco Bassetto,Marco Cagetti,Mariacristina De Nardi. Credit Crunches and Credit Allocation in a Model of Entrepreneurship. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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