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Silver Professor, Professor of Economics, NYU
Douglas Gale
Founding Research Associates
Silver Professor, Professor of Economics Department of Economics New York University.
Publications
Capital Structure, Investment, and Fire Sales
We study a dynamic general equilibrium model in which firms choose their investment level and their capital structure, trading off the tax advantages...
DP 23
Capital Structure and Investment Dynamics with Fire Sales
We study a general equilibrium model in which firms choose their capital structure optimally, trading off the tax advantages of debt against the risk...
DP 7
