Name: Financing Constraints and Unemployment: Evidence from the Great Recession (en Inglés)
SKU: 58121429
Price: 478.58 MXN
Availability: InStock
Author: Federal Reserve Board
ISBN: 9781507563014

portada Financing Constraints and Unemployment: Evidence from the Great Recession (en Inglés)

Financing Constraints and Unemployment: Evidence from the Great Recession (en Inglés)

Formato

Libro Físico

Editorial

Createspace

Autor

Federal Reserve Board

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

Dimensiones

27.9x21.6x0.3 cm

Peso

0.15 kg.

ISBN13

9781507563014

Categorías

Economía

Financing Constraints and Unemployment: Evidence from the Great Recession (en Inglés)

Federal Reserve Board (Autor) · Createspace · Tapa Blanda

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Reseña del libro "Financing Constraints and Unemployment: Evidence from the Great Recession (en Inglés)"

Exploiting the differential financing needs across industrial sectors, this paper shows that financing constraints of small businesses in the United States are one of the drivers explaining the unemployment dynamics during the Great Recession. We show that workers in small firms are more likely to become unemployed during the 2007-09 financial crisis if they work in industries with high external financing needs. We find very similar results for the 1990-91 recession, but not for the 2001 recession, where only the former was associated with a reduction in loan supply. These findings further support the credit constraints hypothesis.