Zombies at Large? Corporate Debt Overhang and the Macroeconomy
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- Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M. Taylor, 2020. "Zombies at Large? Corporate Debt Overhang and the Macroeconomy," Working Paper Series 2020-36, Federal Reserve Bank of San Francisco.
- Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M. Taylor, 2020. "Zombies at Large? Corporate Debt Overhang and the Macroeconomy," NBER Working Papers 28197, National Bureau of Economic Research, Inc.
- Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M. Taylor, 2020. "Zombies at large? Corporate debt overhang and the macroeconomy," ECONtribute Discussion Papers Series 042, University of Bonn and University of Cologne, Germany.
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More about this item
Keywords
corporate debt; business cycles; local projections;JEL classification:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
- N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2020-12-21 (Banking)
- NEP-CFN-2020-12-21 (Corporate Finance)
- NEP-MAC-2020-12-21 (Macroeconomics)
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