no code implementations • 20 May 2021 • Keeyoung Rhee, Myungkyu Shim, Ji Zhang
We analyze the optimal strategy for a government to promote large-scale investment projects under information frictions.
no code implementations • 10 Jun 2020 • Yeon-Koo Che, Chongwoo Choe, Keeyoung Rhee
We develop a model of bailout stigma where accepting a bailout signals a firm's balance-sheet weakness and worsens its funding prospect.
