Financial shocks, job destruction shocks, and labor market fluctuations

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...

书目详细资料
主要作者:	Zanetti, F
格式:	Journal article
出版:	Cambridge University Press 2017

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