Title of article
Credit reallocation
Author/Authors
Ana MariaHerrera، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2011
Pages
13
From page
551
To page
563
Abstract
A growingempiricalliteraturefindsthattheallocationofcreditacrossfirmsisas
importantasitstotalvolumeforeconomicperformance.Thispaperinvestigatesthe
process throughwhichcreditisreallocatedacrossUSbusinessesemployingthe
methodologydevelopedby Davis andHaltiwanger(1992) for theanalysisofjob
reallocation.Wefindthatcreditreallocationisintense,highlyvolatileandmoderately
procyclicalandthatitprimarilyoccursacrossfirmssimilarinsize,industryorlocation.
The resultssuggestthatmicroeconomicheterogeneitycanplayakeyroleinthe
interactionbetweenthecreditmarketandtheaggregateeconomy
Journal title
Journal of Monetary Economics
Serial Year
2011
Journal title
Journal of Monetary Economics
Record number
846493
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