=+ d. Repeat parts (a) through (c) for the period 2008:Q3 to 2009:Q2. How do financial frictions

Question:

=+

d. Repeat parts

(a) through

(c) for the period 2008:Q3 to 2009:Q2. How do financial frictions help explain the behavior of investment during the financial crisis? How do the coefficients on investment compare between the current period and the financial crisis period?

Briefly explain.

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