@article{Kaas2009volat-11821,
  year={2009},
  title={Firm volatility and credit : a macroeconomic analysis},
  number={2},
  volume={91},
  journal={Federal Reserve Bank of St  Louis Review},
  pages={95--106},
  author={Kaas, Leo}
}

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    <dc:contributor>Kaas, Leo</dc:contributor>
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    <dcterms:abstract xml:lang="eng">This paper examines a tractable real business cycle model with idiosyncratic productivity shocks and binding credit constraints on entrepreneurs. The model shows how firm volatility increases in combination with credit market development. It further generates the observed comovement of credit and firm volatility with output at business cycle frequencies in response to aggregate productivity shocks.</dcterms:abstract>
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    <dcterms:title>Firm volatility and credit : a macroeconomic analysis</dcterms:title>
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    <dcterms:bibliographicCitation>First publ. in: Federal Reserve Bank of St. Louis Review 91 (2009), 2, pp. 95-106</dcterms:bibliographicCitation>
    <dc:creator>Kaas, Leo</dc:creator>
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