1.
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The author empirically tests two aspects of the interaction between financial variables and inventory investment: negative cash flow and finance constraints due to asymme[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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Housing wealth is a large component of total wealth and plays an important role in aggregate business cycles. In this paper, we explore data on real house price cycles at[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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Social learning models of investment provide an interesting explanation for sudden changes in investment behaviour. Caplin and Leahy (1994) develop a model of social lear[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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Burkart and Ellingsen's (2004) model of trade credit and bank credit rationing predicts that trade credit will be used by medium-wealth and low-wealth firms to help ease [...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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