Firm Volatility and Credit: A Macroeconomic Analysis Archival Version


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 co-movement of credit and firm volatility with output at business cycle frequencies in response to aggregate productivity shocks. The zipped package contains a Microsoft Excel file, which includes the data, tables, and figures used in the publication. GAUSS program syntax is also included.These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

Related Identifier DOI: 10.3886/ICPSR25062.v1
Metadata Access
Creator Kaas, Leo
Publisher ICPSR - Interuniversity Consortium for Political and Social Research
Contributor Federal Reserve Bank of St. Louis
Publication Year 2009
Rights Delivery;This version of the study is no longer available on the web. If you need to acquire this version of the data, you have to contact ICPSR User Support (
Contact ICPSR - Interuniversity Consortium for Political and Social Research
Language English
Resource Type Dataset;survey data
Discipline Economic;History
Spatial Coverage {"United States"}
Temporal Coverage point in time : None