"Luftmensch," literally meaning "air person," is the Yiddish way of describing someone who is a bit of a dreamer. Did You Know? The word "infant" comes from the Latin word "infans" which literally means "unable to speak; speechless." ...
Because each channel, or effect, has economic meaning, the decomposition clarifies the way that credit market distortions amplify shocks. In the adverse selection model, a shock that increases internal funds has three separate effects on investment. First, the increase in internal funds causes the ...