Title:

Sticky Leverage

Authors:

João Ferreira Gomes (U PA)
Urban Jermann (U PA)
Lukas Schmid (Duke U)

Journal:

American Economic Review

Year:

2016

Volume:

106

Number:

12

Pages:

3800-3828

JEL codes:

E31 - Price Level; Inflation; Deflation
E44 - Financial Markets and the Macroeconomy
G35 - Payout Policy

DOI:

10.1257/aer.20130952