We study how shocks to corporate leverage alter the macroeconomic transmission of monetary policy. We identify leverage shocks as idiosyncratic firm-level disturbances that are aggregated up to a size-weighted country-level average to generate a Granular Instrumental Variable (Gabaix and Koijen,...

The macroeconomic studies that assess the contribution of international remittances to the origin countries of migrants use a different definition of remittances than the microeconomic literature that examines the impact at the household and community levels. This study overcomes this difference...

The macroeconomic studies that assess the contribution of international remittances to the origin countries of migrants use a different definition of remittances than the microeconomic literature that examines the impact at the household and community levels. This study overcomes this difference...

We study how shocks to corporate leverage alter the macroeconomic transmission of monetary policy. We identify leverage shocks as idiosyncratic firm-level disturbances that are aggregated up to a size-weighted country-level average to generate a Granular Instrumental Variable (Gabaix and Koijen,...

Chapter 1. From Standard Human Capital Theory to Edumetrics: An Introduction -- Chapter 2. A Review of International and Regional Achievement Tests in the Long-Run -- Chapter 3. Learning-Adjusted Years of Schooling Worldwide -- Chapter 4. Mapping Educational Inequality Worldwide -- Chapter 5....

There is an increasing appreciation for the role that facilitating institutions play in successful innovation. Most commonly these institutions are discussed and analysed as innovation systems. National Innovation Systems were the first type identified, and a range of other forms of innovation...

The scope of this study ranges from the identification of key drivers of living conditions from a wide spectrum of context-based indicators to the development of a concrete composite measure of living conditions within the framework of a multivariate analysis. The Living Conditions Index (LCI)...