Levin, Andrew T.; Natalucci, Fabio M.; Zakrajsek, Egon - Federal Reserve Board (Board of Governors of the … - 2004
obtain precise time-specific estimates of the bankruptcy cost parameter and consistently reject the null hypothesis of …. Using nonlin-
ear least squares, we obtain precise time-speci c estimates of the bankruptcy
cost parameter and consistently … premium, bankruptcy costs, nancial accelerator
We appreciate comments and suggestions from Ben Bernanke, David Bowman, Mark …