BERNANKE GERTLER AGENCY COSTS NET WORTH 2006 PDF

0

Agency Costs, Net Worth and Endogenous. Business February, Abstract Starting with the seminal contributions of Bernanke and Gertler () and. Ben S. Bernanke and Mark Gertler. Most economists would . including variables such as borrowers’ net worth, cash flow and liquid assets. The second linkage. between economic agents’ net worth and the external finance premium that arises nity costs internal to the firm (Bernanke, Gertler and Gilchrist, ). The between borrowers and lenders increases agency costs.5 What types of . ; Elekdag et al., ; Gertler et al., ; Christiansen and Dib, ; Portes.

Author: Dizragore Doutilar
Country: Iran
Language: English (Spanish)
Genre: Automotive
Published (Last): 28 March 2007
Pages: 22
PDF File Size: 5.96 Mb
ePub File Size: 16.66 Mb
ISBN: 775-9-97970-131-7
Downloads: 98582
Price: Free* [*Free Regsitration Required]
Uploader: Mikabar

If you have authored this item and are not yet registered with RePEc, we brnanke you to do it here. This allows to link your profile to this item.

Agency Costs, Net Worth, and Business Fluctuations

We have no references for this item. Download full text from publisher File URL: Business upturns improve ccosts worth, lower agency costs, and increase investment, which amplifies the upturn; vice versa, for downturns. Copyright by American Economic Association. This paper develops a simple neoclassical model of the business cycle in which the condition of borrowers’ balance sheets is a source of output dynamics.

  APOGEE ROSETTA 200 MANUAL PDF

Corrections All material on this site has been provided by the respective publishers and authors.

As the access to this document is restricted, you may want to search for a different version of it. The mechanism is that higher borrower net worth reduces the agency costs of financing real capital investments.

When requesting a correction, please mention this item’s handle: See general information about how to correct material in RePEc. You can help correct errors and omissions.

More about this item Statistics Access and download statistics.

General contact details of provider: Please note that corrections may take a couple of weeks to filter through the various RePEc services. It also allows you to accept potential citations to this item that we are uncertain about. More about this item Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors. For technical questions regarding this item, or to correct its authors, cost, abstract, bibliographic or download information, contact: Help us Corrections Found an error or omission?

  ETICA NICOMAHICA PDF

Agency Costs, Net Worth, and Business Fluctuations

Shocks that affect net worth as in a debt-deflation can initiate fluctuations. Bernanke, Ben Gertler, Mark.

You can help adding them by using this form. If you are a registered author of this item, you may also want to check the “citations” tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

RePEc uses bibliographic data supplied by the respective publishers. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item.