Add to ORKGThis paper shows that private information may be crucial in explaining the relationship between liquidity, investment and economic fluctuations. First, it defines liquidity in a way that is clearly connected to investment and output. Second, it models economies where privately informed entrepreneurs issue debt to fund their investment opportunities and identifies a theoretically based, empirically usable, and macroeconomic relevant measure of liquidity of the economy: the cross-firm dispersion in debt yields. Finally, it rationalizes one novel stylized fact regarding the US corporate bond market: the positive relationship between the proposed meaure of liquidity - the cross-firm dispersion in the "yields to maturity" on newly issued publicl...
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics, 2010."June 2010." Catalo...
We study economies with an essential role for liquid assets in transactions. The model can generate ...
Liquidity in fixed income markets have aroused investors’ interest especially during episodes of fin...
This paper shows that private information may be crucial in explaining the relationship between liqu...
We develop a search-theory of asset liquidity which gives rise to endogenous financing constraints o...
I develop a tractable macro model with endogenous asset liquidity to understand monetary–fiscal inte...
Using 482 US Dollar and Euro denominated bonds issued by 72 sovereigns, we examine the dynamic sour...
Thesis (Ph. D.)--University of Rochester. William E. Simon Graduate School of Business Administratio...
The financial sector influences the macroeconomy in many aspects. Monetary policy affects firms' ext...
We investigate whether liquidity is an important price factor in the US corporate bond market. In pa...
We develop a search-theory of asset market liquidity which gives rise to endogenous financing constr...
The first essay, Funding Liquidity and Its Risk Premiums, presents a new approach to measure funding...
The joint supply of public and private liquidity is examined when financial intermediaries issue bot...
We propose a market-wide liquidity measure by exploiting the connection between the amount of arbitr...
This paper explores the link between anticipated information and a preference for liquidity in inve...
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics, 2010."June 2010." Catalo...
We study economies with an essential role for liquid assets in transactions. The model can generate ...
Liquidity in fixed income markets have aroused investors’ interest especially during episodes of fin...
This paper shows that private information may be crucial in explaining the relationship between liqu...
We develop a search-theory of asset liquidity which gives rise to endogenous financing constraints o...
I develop a tractable macro model with endogenous asset liquidity to understand monetary–fiscal inte...
Using 482 US Dollar and Euro denominated bonds issued by 72 sovereigns, we examine the dynamic sour...
Thesis (Ph. D.)--University of Rochester. William E. Simon Graduate School of Business Administratio...
The financial sector influences the macroeconomy in many aspects. Monetary policy affects firms' ext...
We investigate whether liquidity is an important price factor in the US corporate bond market. In pa...
We develop a search-theory of asset market liquidity which gives rise to endogenous financing constr...
The first essay, Funding Liquidity and Its Risk Premiums, presents a new approach to measure funding...
The joint supply of public and private liquidity is examined when financial intermediaries issue bot...
We propose a market-wide liquidity measure by exploiting the connection between the amount of arbitr...
This paper explores the link between anticipated information and a preference for liquidity in inve...
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics, 2010."June 2010." Catalo...
We study economies with an essential role for liquid assets in transactions. The model can generate ...
Liquidity in fixed income markets have aroused investors’ interest especially during episodes of fin...