Improving Public Equity Markets? No Pain, No Gain
Sign Up to like & getrecommendations! Published in 2018 at "Economics Letters"
DOI: 10.1016/j.econlet.2017.10.005
Abstract: This paper quantifies the effects of improving public equity markets on macroeconomic aggregates and welfare. I use an open-economy extension of Angeletos (2007), where entrepreneurs face idiosyncratic productivity risk in privately held firms. They can… read more here.
Keywords: equity; public equity; markets pain; improving public ... See more keywords