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This paper addresses the credit channel in Germany by using aggregate data. We present a stylized model of the banking …
Persistent link: https://www.econbiz.de/10008859505
We analyze the extent to which endogenous cultural amenities affect the spatial equilibrium share of high-human-capital employees. To overcome endogeneity, we draw on a quasinatural experiment in German history and exploit the exogenous spatial distribution of baroque opera houses built as a...
Persistent link: https://www.econbiz.de/10008859834