Abstract : I study the aggregate implications of micro-level lumpy investment in a model consistent with the empirical dynamics of the real interest rate. The elasticity of aggregate investment
This repository contains the replication package for the article “Oil Shocks and the Financial Channel: Evidence from Rolling VAR and Structural Decomposition.” The package includes processed macro-fi
The table presents the correlation matrix of the time-series of illiquidity measures. Illiquidity is measured using the Amihud measure for each market. The sample runs from January 1, 2010 to March 22
