Now showing items 1-1 of 1

    • Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle 

      Bianchi, Francesco; Ilut, Cosmin L; Schneider, Martin (The Review of Economic Studies, 2018)
      This article estimates a business cycle model with endogenous financial asset supply and ambiguity averse investors. Firms’ shareholders choose not only production and investment, but also capital structure and payout policy ...