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Debt and Economic Activity in the United States

In: The Changing Roles of Debt and Equity in Financing U.S. Capital Formation

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  • Benjamin M. Friedman

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  • Benjamin M. Friedman, 1982. "Debt and Economic Activity in the United States," NBER Chapters, in: The Changing Roles of Debt and Equity in Financing U.S. Capital Formation, pages 91-110, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:11397
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    References listed on IDEAS

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    1. Various, 1966. "Staff Reports on Research Under Way," NBER Chapters, in: Anticipating the Nation's Needs For Economic Knowledge, pages 29-69, National Bureau of Economic Research, Inc.
    2. Benjamin M. Friedman, 1978. "Crowding Out or Crowding In? Economic Consequences of Financing Government Deficits," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 9(3), pages 593-641.
    3. Martin Feldstein, 1980. "The American Economy in Transition," NBER Books, National Bureau of Economic Research, Inc, number feld80-1.
    4. Sargent, Thomas J, 1976. "The Observational Equivalence of Natural and Unnatural Rate Theories of Macroeconomics," Journal of Political Economy, University of Chicago Press, vol. 84(3), pages 631-640, June.
    5. U. S. Office of Manpower Policy, Evaluation, and Research, 1966. "Research on Manpower Policy," Journal of Human Resources, University of Wisconsin Press, vol. 1(1), pages 84-85.
    6. N/A, 1966. "Research Notes," ILR Review, Cornell University, ILR School, vol. 19(2), pages 324-326, January.
    7. Stephen M. Goldfeld & Alan S. Blinder, 1972. "Some Implications of Endogenous Stabilization Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 3(3), pages 585-644.
    8. Smith, Gary, 1975. "Pitfalls in Financial Model Building: A Clarification," American Economic Review, American Economic Association, vol. 65(3), pages 510-516, June.
    9. Benjamin M. Friedman, 1978. "Crowding Out Or Crowding In? The Economic Consequences of Financing Government Deficits," NBER Working Papers 0284, National Bureau of Economic Research, Inc.
    10. David, Paul A & Scadding, John L, 1974. "Private Savings: Ultrarationality, Aggregation, and "Denison's Law."," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages 225-249, Part I, M.
    11. William C. Brainard & James Tobin, 1968. "Pitfalls in Financial Model-Building," Cowles Foundation Discussion Papers 244, Cowles Foundation for Research in Economics, Yale University.
    12. N/A, 1966. "Research Notes," ILR Review, Cornell University, ILR School, vol. 19(3), pages 482-490, April.
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    Citations

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    Cited by:

    1. Bayer, Christian, 2006. "Investment dynamics with fixed capital adjustment cost and capital market imperfections," Journal of Monetary Economics, Elsevier, vol. 53(8), pages 1909-1947, November.
    2. Lawrence H. Summers, 1986. "Debt problems and macroeconomic policies," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 165-208.
    3. Gertler, Mark, 1988. "Financial Structure and Aggregate Economic Activity: An Overview," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(3), pages 559-588, August.
    4. Hume, Michael & Sentance, Andrew, 2009. "The global credit boom: Challenges for macroeconomics and policy," Journal of International Money and Finance, Elsevier, vol. 28(8), pages 1426-1461, December.
    5. Mark Gertler & R. Glenn Hubbard, 1988. "Financial factors in business fluctuations," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 33-78.
    6. Fratianni, Michele & von Hagen, Jurgen, 2001. "The Konstanz Seminar on monetary theory and policy at 30," European Journal of Political Economy, Elsevier, vol. 17(3), pages 641-664, September.
    7. Kashyap, Anil K & Stein, Jeremy C & Wilcox, David W, 1993. "Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance," American Economic Review, American Economic Association, vol. 83(1), pages 78-98, March.
    8. Benjamin M. Friedman, 1986. "Increasing Indebtedness and Financial Stability in the United States," NBER Working Papers 2072, National Bureau of Economic Research, Inc.
    9. Jean-Paul Pollin & William Marois, 1985. "Avant-propos," Revue Économique, Programme National Persée, vol. 36(6), pages 1155-1168.
    10. Christian Bayer, 2001. "Aggregate investment dynamics when firms face fixed investment cost and capital market imperfections," Discussion Papers in Economics 01_13, University of Dortmund, Department of Economics.
    11. Calomiris, Charles W & Hubbard, R Glenn, 1990. "Firm Heterogeneity, Internal Finance, and 'Credit Rationing.'," Economic Journal, Royal Economic Society, vol. 100(399), pages 90-104, March.
    12. Größl Ingrid & Stahlecker Peter, 2000. "Finanzierungsbedingungen und Güterangebot: Ein Überblick über finanzökonomische Ansätze und deren geldpolitische Konsequenzen," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 220(2), pages 223-250, April.
    13. FUJIWARA Ippei & HORI Shunsuke & WAKI Yuichiro, 2019. "Generational War on Inflation: Optimal Inflation Rates for the Young and the Old," Discussion papers 19021, Research Institute of Economy, Trade and Industry (RIETI).
    14. Robert Taggart, Jr, 1986. "Have U.S. Corporations Grown Financially Weak?," NBER Chapters, in: Financing Corporate Capital Formation, pages 13-34, National Bureau of Economic Research, Inc.
    15. Benjamin M. Friedman, 1983. "Managing the U.S. Government Deficit in the 1980s," NBER Working Papers 1209, National Bureau of Economic Research, Inc.
    16. Benjamin M. Friedman, 1987. "New Directions in the Relationship Between Public and Private Debt," NBER Working Papers 2186, National Bureau of Economic Research, Inc.
    17. Fratianni, Michele & von Hagen, Jürgen, 2001. "The Konstanz Seminar on Monetary Theory and Policy at Thirty," ZEI Working Papers B 02-2001, University of Bonn, ZEI - Center for European Integration Studies.
    18. Smant, David / D.J.C., 2002. "Bank credit in the transmission of monetary policy: A critical review of the issues and evidence," MPRA Paper 19816, University Library of Munich, Germany.
    19. Christina D. Romer & David H. Romer, 1990. "New Evidence on the Monetary Transmission Mechanism," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 21(1), pages 149-214.
    20. Benjamin M. Friedman, 1984. "Implications of Government Deficits for Interest Rates, Equity Returns and Corporate Financing," NBER Working Papers 1520, National Bureau of Economic Research, Inc.
    21. Edward Offenbacher & Richard D. Porter & Georg Rich, 1983. "Empirical comparisons of credit and monetary aggregates using vector autoregressive methods," Economic Review, Federal Reserve Bank of Richmond, vol. 69(Nov), pages 16-29.
    22. Robert A. Taggart, Jr., 1984. "Have U.S. Corporations Grown Financially Weak?," NBER Working Papers 1523, National Bureau of Economic Research, Inc.

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