Credit Crunches and Credit Allocation in a Model of Entrepreneurship

Mariacristina De Nardi, Marco Cagetti and Marco Bassetto
Additional contact information
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
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:sed011:262

Access Statistics for this paper

More papers in 2011 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().