Credit frictions and the cleansing effect of recessions
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- Sophie Osotimehin & Francesco Pappadà, 2017. "Credit Frictions and The Cleansing Effect of Recessions," Economic Journal, Royal Economic Society, vol. 127(602), pages 1153-1187, June.
- S. Osotimehin & F. Pappadà, 2016. "Credit frictions and the cleansing effect of recessions," Working papers 583, Banque de France.
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More about this item
Keywords
cleansing; business cycles; rm dynamics; credit frictions;All these keywords.
JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2013-04-27 (Dynamic General Equilibrium)
- NEP-MAC-2013-04-27 (Macroeconomics)
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