033

A continuación, se listan los contenidos disponibles en el portal relacionados con la consulta.

  • Young Innovative Firms, Investment-Cash Flow Sensitivities and Technological Misallocation

    Publicación |

    Can technological misallocation generate financial frictions? We build a theoretical model with testable implications, in which the misallocation between R&D and production activities generates borrowing constraints. The investor offers the innovator a rent that is contingent to the success…

  • Macro-Prudential Policy under Moral Hazard and Financial Fragility

    Publicación |

    This paper presents a DSGE model with banks that face moral hazard in management. Banks receive demand deposits and fund investment projects. Banks are subject to potential withdrawals by depositors which may force them into early liquidation of their investments. The likelihood of this…

  • Innovation and Growth under Private Information

    Publicación |

    We study endogenous growth within a model with occupational choice in which innovators produce ideas, within an asymmetric information framework. Each innovator has private knowledge of their production costs. Developers offer innovators non-linear contract schemes that affect both the number of…