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An Economic Analysis of Transnational Bankruptcies

Bebchuk, Lucian A. - 2008

This paper analyzes the effects of the legal rules governing transnational bankruptcies. We compare a regime of territoriality' -- in which assets are adjudicated by the jurisdiction in which they are located at the time of the bankruptcy -- with a regime of universality are adjudicated in a...

Persistent link: https://www.econbiz.de/10012774901

Covid-19 and SME Failures

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021

We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...

Persistent link: https://www.econbiz.de/10013244116

"Beauty is the Promise of Happiness"?

Hamermesh, Daniel S. - 2011

, the U.K., and Germany, we construct beauty measures in different ways that allow placing lower bounds on the effects of …

Persistent link: https://www.econbiz.de/10013121060

Structural and Cyclical Forces in the Labor Market During the Great Recession : Cross-Country Evidence

Sala, Luca - 2012

price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less … important in the U.K. and Sweden than in the U.S., but matching efficiency improved in Germany, helping to keep unemployment low …

Persistent link: https://www.econbiz.de/10013099824

Labor Laws and Innovation

Acharya, Viral V. - 2014

Stringent labor laws can provide firms a commitment device to not punish short-run failures and thereby spur their employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify this effect by exploiting the time-series variation...

Persistent link: https://www.econbiz.de/10013069108

The Changing Role of Government in Financing Health Care : An International Perspective

Stabile, Mark - 2013

This paper explores the changing role of government involvement in health care financing policy outside the United States. It provides a review of the economics literature in this area to understand the implications of recent policy changes on efficiency, costs and quality. Our review reveals...

Persistent link: https://www.econbiz.de/10013075869

Data Gaps and the Policy Response to the Novel Coronavirus

Stock, James H. - 2020

This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...

Persistent link: https://www.econbiz.de/10012838354

International Evidence on Sticky Consumption Growth

Carroll, Christopher D. - 2008

We estimate the degree of amp;apos;stickinessamp;apos; in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a...

Persistent link: https://www.econbiz.de/10012772369

Regime Switches in Interest Rates

Bekaert, Geert - 2008

econometric performance of regime-switching models for interest rate data from the US, Germany and the UK. There is strong …

Persistent link: https://www.econbiz.de/10012774902

Innovation and Productivity Across Four European Countries

Griffith, Rachel - 2007

This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain …

Persistent link: https://www.econbiz.de/10012778167