Liquidity constrained firms increased prices in 2008, while their unconstrained counterparts cut prices, a study by Simon Gilchrist, Raphael Schoenle, Jae Sim, and Egon ZakrajŇ°ek shows. This reflects decisions by the constrained firms to preserve internal liquidity and avoid accessing external finance, factors that strengthen the countercyclical behavior of markups. To read more, see Inflation […]

Prof. Schoenle presented his research “YOLO: Mortality Beliefs and Household Finance Puzzles” at the 2016 annual Academic Forum of the Defined Contribution Institutional Investment Association (DCIIA). The meeting took place November 29 and 30 at the Goldman Sachs Headquarters in New York City. In his research, Prof. Schoenle studies how subjective mortality beliefs contribute to […]

Protected by Akismet
Blog with WordPress

Welcome Guest | Login (Brandeis Members Only)