Credit Crunches and Credit Allocation in a Model of Entrepreneurship

Mariacristina De Nardi, Marco Cagetti and Marco Bassetto
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Marco Cagetti: Board of Governors of the Federal Reserve System

No 262, 2011 Meeting Papers from Society for Economic Dynamics

Abstract: We study the effects of credit shocks in a model with heterogeneous entrepreneurs, financing constraints, and a realistic firm size distribution. As entrepreneurial firms can grow only slowly in this set-up, we show that, by reducing entrepreneurial firm size, negative shocks have a very persistent effect on real activity.

Date: 2011
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Related works:
Journal Article: Credit Crunches and Credit Allocation in a Model of Entrepreneurship (2015)
Working Paper: Credit crunches and credit allocation in a model of entrepreneurship (2013)
Working Paper: Credit Crunches and Credit Allocation in a Model of Entrepreneurship (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed011:262

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