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1.
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We document the cyclical behavior of debt, equity, and retained earnings for different firm categories using firm-level Canadian data. There is evidence of both procyclic[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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This paper compares price-level-path targeting (PT) with inflation targeting (IT) in a sticky-price, dynamic, general equilibrium model augmented with imperfections in bo[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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The authors show that debt and equity issuance are procyclical for most listed U.S. firms. The procyclicality of equity issuance decreases monotonically with firm size. A[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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The author analyzes a general-equilibrium model of a heterogeneous agents economy in which the agents are subject to borrowing constraints and uninsurable idiosyncratic p[...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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