Corporate-Debt Overhang and Macroeconomic Expectations

Determinants of corporate borrowing

1977 • 13,054 citations

Liquidation Values and Debt Capacity: A Market Equilibrium Approach

1992 • 2,708 citations

Monopolistic Competition and the Effects of Aggregate Demand

1987 • 1,550 citations

Default and Renegotiation: A Dynamic Model of Debt

1998 • 1,067 citations

The Debt-Deflation Theory of Great Depressions

1934 • 935 citations

A Theory of Workouts and the Effects of Reorganization Law*

1991 • 668 citations

Increasing Returns and the Foundations of Unemployment Theory

1982 • 283 citations

Consumption and the recession of 1990-1991

1993 • 238 citations

Multiple Expectational Equilibria under Monopolistic Competition

1988 • 167 citations

The Mechanisms of the Business Cycle in the Postwar Era

1986 • 106 citations

On the Macroeconomics of Private Debt

1993 • 9 citations