Levin, Andrew T.; Natalucci, Fabio M.; Zakrajšek, Egon - 2004
premium, bankruptcy costs, nancial accelerator
We appreciate comments and suggestions from Ben Bernanke, David Bowman, Mark …
abstracted from the in uence of rms’ nancing decisions on the evolution of the real
economy. As demonstrated by Bernanke and … model of Bernanke, Gertler, and Gilchrist
(1999).2 In this framework, the size of the external nance premium depends on the …