We provide direct evidence on the sticky information model of Mankiw and Reis (2002) by examining how frequently individual professional forecasters revise their forecasts. We draw interest rate and unemployment rate forecasts from the monthly Wall Street Journal surveys conducted between 2003...

We investigate whether a trade credit channel mitigates monetary policy tightenings intended to slow economic activity. Unlike prior research, we study this issue using quarterly firm-level data for nearly the universe of non-financial public corporations and using more precise measures of their...

ABSTRACTMIN, KYUNG-SEOL, An Empirical Investigation of Lending to Small Businesses. (Under the direction of Douglas K. Pearce and Karlyn Mitchell.) This dissertation analyzes lenders' two important decisions (loan approval decision and loan rate decision) in their loan evaluation procedures...