
Silver Professor; Professor of Economics, NYU
Douglas Gale
Founding Research Associates
Silver Professor; Professor of Economics Department of Economics New York University
Silver Professor; Professor of Economics Department of Economics New York University
We study a dynamic general equilibrium model in which firms choose their investment level and their capital structure, trading off the tax advantages...
We study a general equilibrium model in which firms choose their capital structure optimally, trading off the tax advantages of debt against the risk...