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  • Search: subject:"Output Growth Persistence"
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Year of publication
Subject
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Business Cycles 1 Capital Reallocation 1 Credit Market Frictions 1 Investment 1 Output Growth Persistence 1
Type of publication
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Book / Working Paper 1
Language
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Undetermined 1
Author
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Kurmann, Andre 1 Petrosky-Nadeau, Nicolas 1
Institution
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Society for Economic Dynamics - SED 1
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2006 Meeting Papers 1
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RePEc 1
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Credit Market Frictions with Costly Capital Reallocation as a Propagation Mechanism
Kurmann, Andre; Petrosky-Nadeau, Nicolas - Society for Economic Dynamics - SED - 2006
Empirical evidence suggests that capital separation is an important phenomenon over and beyond depreciation and that reallocation is a costly and time-consuming process. In addition, both separation and reallocation rates display substantial variation over the business cycle. We build a dynamic...
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