Şebnem Kalemli-Özcan - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T08:05:54+00:00SME Failures Under Large Liquidity Shocks: An Application to the COVID-19 Crisis
https://www.bankofcanada.ca/2023/06/staff-working-paper-2023-32/
We study the effects of financial frictions on firm exit when firms face large liquidity shocks. We develop a simple model of firm cost-minimization that introduces a financial friction that limits firms’ borrowing capacity to smooth temporary shocks to liquidity.2023-06-09T09:39:02+00:00enSME Failures Under Large Liquidity Shocks: An Application to the COVID-19 Crisis2023-06-09Coronavirus disease (COVID-19)Firm dynamicsInternational topicsStaff Working Paper 2023-32https://www.bankofcanada.ca/wp-content/uploads/2023/06/swp2023-32.pdfStaff Working Paper 2023-32Pierre-Olivier GourinchasŞebnem Kalemli-ÖzcanVeronika PenciakovaNicholas SanderJune 2023DD2D21D22EE6E65HH8H81Fiscal Policy in the Age of COVID-19: Does It “Get in All of the Cracks”?
https://www.bankofcanada.ca/2022/11/staff-working-paper-2022-45/
The COVID-19 pandemic has caused an atypical recession in which some sectors of the economy boomed and others collapsed. This required a unique fiscal policy reaction to both support firms and stimulate activity in sectors with slack. Was fiscal policy able to get where it was needed? Mostly, yes.2022-11-07T12:55:12+00:00enFiscal Policy in the Age of COVID-19: Does It “Get in All of the Cracks”?2022-11-07Coronavirus disease (COVID-19)Firm dynamicsFiscal policyInternational topicsStaff Working Paper 2022-45https://www.bankofcanada.ca/wp-content/uploads/2022/11/swp2022-45.pdfStaff Working Paper 2022-45Pierre-Olivier GourinchasŞebnem Kalemli-ÖzcanVeronika PenciakovaNicholas SanderNovember 2022DD5D57EE6E62FF4F41