全球智库信息集成服务系统(G2TT): Capital Reallocation

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w25085
来源ID	Working Paper 25085
	Capital Reallocation
	Andrea L. Eisfeldt; Yu Shi
发表日期	2018-09-24
出版年	2018
语种	英语
摘要	Capital reallocation is procyclical, despite measured productive reallocative opportunities being acyclical, or even countercyclical. This paper reviews the advances in the literature studying the causes and consequences of capital reallocation (or lack thereof). We provide a comprehensive set of capital reallocation stylized facts for the US, and an illustrative model of capital reallocation in equilibrium. We relate capital reallocation to the broader literatures on business cycles with financial frictions, and on resource misallocation and aggregate productivity. Throughout, we provide directions for future research.
主题	Macroeconomics ; Macroeconomic Models ; Consumption and Investment ; Business Cycles ; Money and Interest Rates ; Financial Economics ; Corporate Finance
URL	https://www.nber.org/papers/w25085
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/582758
推荐引用方式 GB/T 7714	Andrea L. Eisfeldt,Yu Shi. Capital Reallocation. 2018.