Financial conditions and labor productivity over the business cycle

被引：1
|
作者：
Yepez, Carlos A. [1 ]
机构：
[1] Univ Manitoba, 501 Fletcher Argue Bldg, Winnipeg, MB R3T 5V5, Canada
来源：
ECONOMICS LETTERS | 2017年 / 150卷
关键词：
Credit market frictions; Credit shocks; Productivity; Business cycles;
D O I：
10.1016/j.econlet.2016.10.037
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The cyclical behavior of productivity has noticeably changed since the mid-80s. We provide VAR evidence that financial shocks have an important effect on productivity. We offer a novel explanation based on the effect of binding collateral constraints on labor demand. (C) 2016 Elsevier B.V. All rights reserved.
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页码：34 / 38
页数：5
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