| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23546 |
| 来源ID | Working Paper 23546 |
| The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis | |
| Nittai K. Bergman; Rajkamal Iyer; Richard T. Thakor | |
| 发表日期 | 2017-06-26 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | What is the effect of cash injections during financial crises? Exploiting county-level variation arising from random weather shocks during the 1980s Farm Debt Crisis, we analyze and measure the effect of local cash flow shocks on the real and financial sector. We show that such cash flow shocks have significant impact on a host of economic outcomes, including land values, loan delinquency rates, the probability of bank failure, employment, and wages. Estimates of the effect of local cash flow shocks on county income levels during the financial crisis yield a multiplier of 1.63. |
| 主题 | Microeconomics ; Households and Firms ; Market Structure and Distribution ; Macroeconomics ; Consumption and Investment ; Monetary Policy ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w23546 |
| 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/581219 |
| 推荐引用方式 GB/T 7714 | Nittai K. Bergman,Rajkamal Iyer,Richard T. Thakor. The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis. 2017. |
| 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 | ||
| w23546.pdf（435KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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