Browsing Tag
debt
Consumption Response to Aggregate Shocks and the Role of Leverage
May Rostom investigates the relationship between mortgage leverage and consumption around the 2008 financial crisis. She identifies that the…
A Kalecki Fable on Debt and the Monetary Transmission Mechanism
Kalecki explained debt resolution by means of a fable about monetary circulation between mutually indebted individuals. Jan Toporowski…
On Corporate Capital Structure Adjustments
Recent research has examined asymmetries in firms’ adjustments toward target leverage. Using alternative models allowing for adjustments in…
Debt management: the long and the short of it
Andrew Scott is Professor of Economics and former Deputy Dean at London Business School. He is also a…
and then