Title of article :
Credit reallocation
Author/Authors :
Ana MariaHerrera، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2011
Abstract :
A growingempiricalliteraturefindsthattheallocationofcreditacrossfirmsisas
importantasitstotalvolumeforeconomicperformance.Thispaperinvestigatesthe
process throughwhichcreditisreallocatedacrossUSbusinessesemployingthe
methodologydevelopedby Davis andHaltiwanger(1992) for theanalysisofjob
reallocation.Wefindthatcreditreallocationisintense,highlyvolatileandmoderately
procyclicalandthatitprimarilyoccursacrossfirmssimilarinsize,industryorlocation.
The resultssuggestthatmicroeconomicheterogeneitycanplayakeyroleinthe
interactionbetweenthecreditmarketandtheaggregateeconomy
Journal title :
Journal of Monetary Economics
Journal title :
Journal of Monetary Economics
