Federal Reserve Bank of San Francisco: 'Zombies at Large? Corporate Debt Overhang & Macroeconomy'
December 12, 2020
December 12, 2020
SAN FRANCISCO, California, Dec. 12 -- The Federal Reserve Bank of San Francisco issued the following working paper (No. 2020-36) entitled "Zombies at Large? Corporate Debt Overhang and the Macroeconomy":
The paper was co-authored by Oscar Jorda of the Federal Reserve Bank of San Francisco, Martin Kornejew of University of Bonn, Moritz Schularick of the Federal Reserve Bank of New York and Alan M. Taylor of the University of California at Davis, NBER and CEPR.
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The paper was co-authored by Oscar Jorda of the Federal Reserve Bank of San Francisco, Martin Kornejew of University of Bonn, Moritz Schularick of the Federal Reserve Bank of New York and Alan M. Taylor of the University of California at Davis, NBER and CEPR.
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