Financial shocks, job destruction shocks, and labor market fluctuations
This paper investigates the effect of financial shocks using a general equilibrium model that links the firm's flows of financing with labor market variables. The results show that financial shocks have sizeable effects on debt, dividend payout, and wages. Shocks to the job destruction rate are...
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| Format: | Journal article |
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Cambridge University Press
2017
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| _version_ | 1797061448531181568 |
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| author | Zanetti, F |
| author_facet | Zanetti, F |
| author_sort | Zanetti, F |
| collection | OXFORD |
| description | This paper investigates the effect of financial shocks using a general equilibrium model that links the firm's flows of financing with labor market variables. The results show that financial shocks have sizeable effects on debt, dividend payout, and wages. Shocks to the job destruction rate are important in explaining fluctuations in unemployment. The analysis also investigates the underlying driving forces of some key comovements in the data and finds shocks to the job destructions rate important. |
| first_indexed | 2024-03-06T20:31:18Z |
| format | Journal article |
| id | oxford-uuid:3121528e-ab8a-4d4b-a097-f7ce5cb8b6d2 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T20:31:18Z |
| publishDate | 2017 |
| publisher | Cambridge University Press |
| record_format | dspace |
| spelling | oxford-uuid:3121528e-ab8a-4d4b-a097-f7ce5cb8b6d22022-03-26T13:05:57ZFinancial shocks, job destruction shocks, and labor market fluctuationsJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:3121528e-ab8a-4d4b-a097-f7ce5cb8b6d2Symplectic Elements at OxfordCambridge University Press2017Zanetti, FThis paper investigates the effect of financial shocks using a general equilibrium model that links the firm's flows of financing with labor market variables. The results show that financial shocks have sizeable effects on debt, dividend payout, and wages. Shocks to the job destruction rate are important in explaining fluctuations in unemployment. The analysis also investigates the underlying driving forces of some key comovements in the data and finds shocks to the job destructions rate important. |
| spellingShingle | Zanetti, F Financial shocks, job destruction shocks, and labor market fluctuations |
| title | Financial shocks, job destruction shocks, and labor market fluctuations |
| title_full | Financial shocks, job destruction shocks, and labor market fluctuations |
| title_fullStr | Financial shocks, job destruction shocks, and labor market fluctuations |
| title_full_unstemmed | Financial shocks, job destruction shocks, and labor market fluctuations |
| title_short | Financial shocks, job destruction shocks, and labor market fluctuations |
| title_sort | financial shocks job destruction shocks and labor market fluctuations |
| work_keys_str_mv | AT zanettif financialshocksjobdestructionshocksandlabormarketfluctuations |