Add to ORKGThe volatility of US business cycles has declined during the last two decades. During the same period the financial structure of firms has become more volatile. In this paper we develop a model in which financial factors are central for generating economic fluctuations. Innovations in financial markets allow for greater financial flexibility and generate a lower volatility of output together with a higher volatility in the financial structure of firms.
This paper investigates the role of credit market size as a determinant of business cycle fluctuatio...
I build a dynamic capital structure model that demonstrates how business-cycle variations in expect...
I document cyclical properties of aggregate measures of liabilities, equity, and leverage ratio in t...
The volatility of US business cycle has declined during the last two decades. During the same period...
The volatility of U.S. business cycles has declined in the last two decades. In this paper we docume...
I study the evolution of aggregate volatility in the US during the postwar period by assessing the r...
In this paper we document the cyclical properties of U.S. firms ’ fi-nancial flows. Debt payouts are...
This paper presents a model in which financial innovations explain three widely discussed stylized f...
I study the evolution of aggregate volatility in the US during the postwar period by assessing the r...
This paper investigates cross-country evidence on how capital market affects business cycle volatili...
"The stabilization of economic activity in the mid 1980s has received considerable attention. Resea...
This paper provides an extensive analysis of the predictive ability of financial volatility measures...
Does capital markets uncertainty affect the business cycle? We find that financial volatility predic...
In the paper we propose an assessment of the role of financial innovation in shaping US macroeconomi...
This dissertation contains three essays in Macroeconomics and Corporate Finance. The first essay dea...
This paper investigates the role of credit market size as a determinant of business cycle fluctuatio...
I build a dynamic capital structure model that demonstrates how business-cycle variations in expect...
I document cyclical properties of aggregate measures of liabilities, equity, and leverage ratio in t...
The volatility of US business cycle has declined during the last two decades. During the same period...
The volatility of U.S. business cycles has declined in the last two decades. In this paper we docume...
I study the evolution of aggregate volatility in the US during the postwar period by assessing the r...
In this paper we document the cyclical properties of U.S. firms ’ fi-nancial flows. Debt payouts are...
This paper presents a model in which financial innovations explain three widely discussed stylized f...
I study the evolution of aggregate volatility in the US during the postwar period by assessing the r...
This paper investigates cross-country evidence on how capital market affects business cycle volatili...
"The stabilization of economic activity in the mid 1980s has received considerable attention. Resea...
This paper provides an extensive analysis of the predictive ability of financial volatility measures...
Does capital markets uncertainty affect the business cycle? We find that financial volatility predic...
In the paper we propose an assessment of the role of financial innovation in shaping US macroeconomi...
This dissertation contains three essays in Macroeconomics and Corporate Finance. The first essay dea...
This paper investigates the role of credit market size as a determinant of business cycle fluctuatio...
I build a dynamic capital structure model that demonstrates how business-cycle variations in expect...
I document cyclical properties of aggregate measures of liabilities, equity, and leverage ratio in t...