Financial frictions, capital reallocation, and aggregate fluctuations

DOI10.1016/J.JEDC.2007.04.003MaRDI QIDQ844624zbMATH OpenOpenAlexFDO

Authors Jürgen von Hagen, Haiping Zhang

Publication date 19 January 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10419/39643

zbMATH Keywords

amplificationbusiness cyclescapital reallocationfinancial frictionspropagation

Mathematics Subject Classification ID

Dynamic stochastic general equilibrium theory (91B51) Economic dynamics (91B55)

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• scientific article; zbMATH DE number 1977285

Cites work

• Agency costs and business cycles
• Financial liberalization in a small open economy
• Solving dynamic general equilibrium models using a second-order approximation to the policy function

Cited in

(23)

• Aggregate fluctuations, financial constraints and risk sharing
• Frictional capital reallocation. I: Ex ante heterogeneity
• Financial shocks, comovement and credit frictions
• The price of capital and the financial accelerator
• Financial conditions and labor productivity over the business cycle
• Organizational dynamics and aggregate fluctuations: the role of financial relationships
• Financial destabilization
• Capital reallocation from the perspective of endogenous lemons markets and information cycles
• Capital misallocation: cyclicality and sources
• Capital flows, financial intermediation and macroprudential policies
• Financial intermediation and aggregate fluctuations: A quantitative analysis.
• Financial frictions, the housing market, and unemployment
• The anatomy of standard DSGE models with financial frictions
• On the sources of aggregate fluctuations in emerging economies
• Real Propagation of Monetary Shocks: Dynamic Complementarities and Capital Utilization
• A simple macroeconomic model with extreme financial frictions
• Financial Intermediation, Capital Accumulation, and Crisis Recovery
• ENDOGENOUS PROCYCLICAL LIQUIDITY, CAPITAL REALLOCATION, AND q
• Leasing as a Mitigation of Financial Accelerator Effects
• Collateral constraints and the amplification-persistence trade-off
• Dividend taxation and financial business cycles
• Credit market frictions and their direct effects on U.S. Manufacturing fluctuations
• The role of bank capital in the propagation of shocks

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