6期

最新文章

• Aggregative Fiscal Policy AI翻译
  作者：Stokey, Nancy L.
  作者单位：University of Chicago
• Banking and the Evolving Objectives of Bank Regulation AI翻译
  作者：Diamond, Douglas W.; Kashyap, Anil K.; Rajan, Raghuram G.
  作者单位：University of Chicago
• Economic History AI翻译
  作者：Galenson, David W.
  作者单位：University of Chicago
• Memories of Friedman and Patinkin AI翻译
  作者：Lucas, Robert E., Jr.
  作者单位：University of Chicago
• The Past, Present, and Future of Economics: A Celebration of the 125-Year Anniversary of the JPE and of Chicago Economics Introduction AI翻译
  作者：List, John; Uhlig, Harald
• Do Powerful Politicians Really Cause Corporate Downsizing? AI翻译
  作者：Snyder, Jason Alan; Welch, Ivo
  作者单位：Utah System of Higher Education; University of Utah; University of California System; University of California Los Angeles; National Bureau of Economic Research
• Behavioral Economics AI翻译
  作者：Thaler, Richard H.
  作者单位：University of Chicago
• Chicago Labor Economics AI翻译
  作者：Heckman, James J.
  作者单位：University of Chicago
• Keeping the ECON in Econometrics: (Micro-)Econometrics in the Journal of Political Economy Information Economics AI翻译
  作者：Bonhomme, Stephane; Shaikh, Azeem M.
  作者单位：University of Chicago
• Uncertainty Shocks and Balance Sheet Recessions AI翻译
  作者：Di Tella, Sebastian
  作者单位：Stanford University
  摘要：This paper investigates the origin id propagation of balance sheet recessions. I first show that in standard models driven by TFP shocks, the balance sheet channel disappears when agents can write contracts on the aggregate state of the economy. Optimal contracts sever the link between leverage and aggregate risk sharing, eliminating the concentration of aggregate risk that drives balance sheet recessions. I then show that uncertainty shocks can help explain this concentration of aggregate ris...