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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/53908
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Tomura, Hajime | | en_US |
| dc.date.accessioned | | 2011-12-15T12:58:03Z | | - |
| dc.date.available | | 2011-12-15T12:58:03Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/53908 | | - |
| dc.description.abstract | | This paper analyzes endogenous fluctuations in total factor productivity (TFP) in a dynamic general equilibrium model with heterogeneous agents, and illustrates the interaction of credit market frictions, asset prices, the entry and exit of firms, and fluctuations in TFP in response to firm-level productivity and aggregate credit-market shocks. I also analyze the effect of bankruptcy and foreclosure laws on fluctuations in TFP through their effect on credit market frictions. Implications of the model are consistent with the features of the stagnation in Japan in the 1990s. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Bank of Canada Ottawa | | en_US |
| dc.relation.ispartofseries | | Bank of Canada Working Paper 2007,17 | | en_US |
| dc.subject.jel | | D24 | | en_US |
| dc.subject.jel | | E44 | | en_US |
| dc.subject.jel | | G33 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Financial stability | | en_US |
| dc.subject.keyword | | Productivity | | en_US |
| dc.subject.stw | | Unternehmensfinanzierung | | en_US |
| dc.subject.stw | | Finanzmarkt | | en_US |
| dc.subject.stw | | Verschuldungsrestriktion | | en_US |
| dc.subject.stw | | Konkurs | | en_US |
| dc.subject.stw | | Produktivität | | en_US |
| dc.subject.stw | | Dynamisches Modell | | en_US |
| dc.subject.stw | | Japan | | en_US |
| dc.title | | Firms dynamics, bankruptcy laws and total factor productivity | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 529373777 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Bank of Canada Working Papers
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