Now showing items 1-4 of 4

    • Firm entry under financial frictions 

      Casares Polo, Miguel Upna; Poutineau, Jean-Christophe (2011)   Documento de trabajo / Lan gaiak  OpenAccess
      Introducing both endogenous firm entry and a requirement for external finance in a general-equilibrium model leads to three main results. First, the financial constraint has contractionary effects on both equity investment ...
    • Short run and long run effects of banking in a New Keynesian model 

      Casares Polo, Miguel Upna; Poutineau, Jean-Christophe (2010)   Documento de trabajo / Lan gaiak  OpenAccess
      This paper introduces both endogenous capital accumulation and deposit-in-advance requirements for investment in the banking model of Goodfriend and McCallum (2007). Impulse response functions from technology and monetary ...
    • A structural analysis of US entry and exit dynamics 

      Casares Polo, Miguel Upna; Khan, Hashmat; Poutineau, Jean-Christophe (2018)   Documento de trabajo / Lan gaiak  OpenAccess
      The authors report empirical evidence indicating that US business formation has recently turned more volatile, procyclical and persistent due to changes in exit dynamics. To study these stylized facts, we estimate a DSGE ...
    • A structural analysis of US entry and exit dynamics. Technical appendix 

      Casares Polo, Miguel Upna; Khan, Hashmat; Poutineau, Jean-Christophe (2018)   Documento de trabajo / Lan gaiak  OpenAccess
      A. The optimizing programs of the model and other technical details (pages 1-7) B. Short-run and long-run equilibria in the DSGE model with endogenous entry and exit (pages 8-12) C. Average productivity (pages 13-15) D. ...