企业债务的宏观经济学
Markus Brunnermeier1, Arvind Krishnamurthy2
1Princeton University, NBER, CEPR, and CESifo.
概括
COVID-19危机正在推动对企业财务决策及其经济影响的新研究. 这包括研究债务债务.
科学领域:
- 企业金融公司财务
- 宏观经济学 宏观经济学
- 金融危机 金融危机
背景情况:
- 2020年COVID-19大流行带来了一个独特的经济冲击.
- 以前的危机,比如2008年金融危机,刺激了银行业和家庭金融领域的重大研究.
- 了解企业在危机期间的财务行为对于经济稳定至关重要.
研究的目的:
- 确定与COVID-19危机相关的关键企业融资机制.
- 探索企业在疫情期间的财务决策对宏观经济的影响.
- 将企业融资纳入宏观经济建模.
主要方法:
- 审查COVID-19期间对企业财务的最新实证研究.
- 分析债务对企业在危机中的业绩的影响.
- 在企业金融模型中概念化动态和时间考虑.
主要成果:
- 由于COVID-19危机,我们必须专注于企业财务的动态.
- 债务水平显著影响企业应对危机的能力.
- 将融资纳入宏观经济模型对于准确分析至关重要.
结论:
- COVID-19危机开启了企业金融和宏观经济学的新研究议程.
- 了解企业的财务决策对于缓解经济衰退至关重要.
- 未来的研究应该集中在动态建模和企业在危机期间融资的经验分析.
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