adgjmptw0047 发表于 2013-8-20 09:18 
附一下原文嘛
We expand the macroeconomic literature on financial constraints in terms of country experiences and time period to include virtually every recessive episode in the last 40 years. We show that the financial mechanism is not just a peculiarity of the United States or other developed economies-from which previous evidence is almost exclusively extracted (e.g., Gertler and Gilchrist (1994)), but is a widespread feature of business cycles around the world, and that is not peculiar to some particular kind of shocks.