Corporate debt maturity and investment over the business cycle Danmarks Nationalbank (2018-02-27)
In this paper I study the business cycle dynamics of the maturity structure of the debt of U.S. non-financial firms. To account for the documented facts, I construct a quantitative dynamic equilibrium model in which firm .. more | The Role of Technology in Mortgage Lending FRB of New York (2018-02-27)
Technology-based (“FinTech”) lenders increased their market share of U.S. mortgage lending from 2 percent to 8 percent from 2010 to 2016. Using market-wide, loan-level data on U.S. mortgage applications and originations, .. more | Solving the productivity puzzle McKinsey (2018-02-27)
Nine years into recovery from the Great Recession, labor-productivity-growth rates remain near historic lows across many advanced economies. Productivity growth is crucial to increase wages and living standards, and help .. more |
|