productivity and demographic challenges facing Europe. We study the dynamic, medium-run macroeconomic effects of heatwaves … regions as well as adaptation spending post-event, which lowers regional productivity. …

We provide evidence that a weak banking sector has contributed to low productivity growth following the European … natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by … the resulting increase in factor misallocation accounts for 20% of the decline in productivity in Portugal in 2012. …

bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … constrains the growth of more productive firms, to the detriment of aggregate productivity growth. Our results suggest that …

This paper studies the implications of perceived default risk for aggregate output and productivity. Using a model of … credit across firms with heterogeneous productivity. Further, we find that these losses accounted for over half of the … productivity fall between 2008 and 2009, and persisted for smaller (although not larger) firms. …

complexity and productivity which dominates the already known correlation between vertical integration and productivity. Results …

productivity using a large dataset of firm-level data for Euro-area countries during the period 1995-2011. Our empirical strategy …-level production equation to assess the direct impact of access to finance to firm-level productivity. We estimate the impact of … financial constraints on a measure of labor productivity and we find significant and negative effects in the majority of sectors …