Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms

By P. A. Brady. 2013

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Monetary Policy and Bank Risk-Taking: Evidence from the Corporate Loan Market (2017, unknown): “Since borrowers may be both balance-sheet constrained and bank-dependent (Gertler and Gilchrist (1994)), any analysis based either on firm-level or on bank-level data suffers from an omitted-variable problem.”
Firm Cash Holdings and CEO Inside Debt (2013, background): “Gertler and Gilchrist (1994) use firm size as a measure of financial constraint based on the argument that small firms are less likely than large firms to have access to external funds.”
Sovereign debt exposure and the bank lending channel: Impact on credit supply and the real economy (2020, background): “This result is not surprising since we have shown that smaller firms experienced a larger reduction of total bank credit and, consistent with the presence of asymmetric information frictions (Williamson 1987; Sharpe 1990; Holmstrom and Tirole 1997), the economic activity of these companies is more s”
Income Distribution, Credit and Fiscal Policies in an Agent-Based Keynesian Model (2013, unknown): “, 2009) as well as from cross-sectional ones (e.g. Fazzari et al., 1988; Gertler and Gilchrist, 1994; Kashyap and Stein, 2000; Leary, 2009), including studies encompassing the last recession (Black and Rosen, 2011; Ciccarelli et al.”