Credit Crunches and Credit Allocation in a Model of Entrepreneurship
NBER Working Paper No. 19296
---- Acknowledgements -----
We are grateful to Matthias Doepke, Igor Livshits, Guido Lorenzoni, Nikolai Roussanov, and many seminars participants for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research, the Federal Reserve Bank of Chicago, the Board of Governors, or the Federal Reserve System.