Showing 1 - 4 of 4
This paper investigates a role of supply chain network in transmitting housing market disruptions during the Great Recession. We build up a unique micro-level data that combines local housing market condition, firms' sales in each local market, and firm-level supply chain network information....
Persistent link: https://www.econbiz.de/10012899242
This paper examines how liquidity shocks caused by currency shortages impact exports. We explore this in the context of India's 2016 currency demonetization, a sudden and unexpected policy announcement by the government that large-denomination currency notes--comprising 86% of the country's...
Persistent link: https://www.econbiz.de/10015145093
Persistent link: https://www.econbiz.de/10012505044
We study business cycles with cyclical returns to scale. Contrary to tightly parameterized production functions (Cobb-Douglas and Constant Elasticity of Substitution), we empirically identify strong input complementarity that leads to procyclical returns to scale. We therefore propose a flexible...
Persistent link: https://www.econbiz.de/10013260122