Gomes Neto, João Batista F. (contributor); … - 2002 - [Elektronische Ressource]
of Business Administration, University of Rochester,
Rochester, NY 14627. E-mail: zhanglu@simon.rochester.edu
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We have … asset prices,
to amplify exogenous shocks and thus improve the ability of business-cycles models to
replicate the behavior … ability of financing frictions models to replicate
key business cycle properties leads to a procyclical financing premium.
3 …