| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21086 |
| 来源ID | Working Paper 21086 |
| Financial Accelerator at Work: Evidence from Corn Fields | |
| Nittai K. Bergman; Rajkamal Iyer; Richard T. Thakor | |
| 发表日期 | 2015-04-13 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | This paper tests financial accelerator models. Using a novel dataset on agricultural production, we examine how exogenous productivity shocks arising from variation in temperature are propagated into the future. We find that past weather shocks have persistent effects on land values and productivity up to two years following the shock. Propagation and amplification of productivity shocks are both significantly larger during the farm debt crisis of the 1980s and amongst farms in lower income counties. Finally, we find higher investment in farm equipment and decreased borrowing following a positive weather shock. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Financial Economics ; Corporate Finance ; Environmental and Resource Economics ; Agriculture |
| URL | https://www.nber.org/papers/w21086 |
| 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/578761 |
| 推荐引用方式 GB/T 7714 | Nittai K. Bergman,Rajkamal Iyer,Richard T. Thakor. Financial Accelerator at Work: Evidence from Corn Fields. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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