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Productivity, welfare and reallocation : theory and firm-level evidence

Basu, Susanto (contributor) - 2010

contributions to welfare for a set of European OECD countries (Belgium, France, Great Britain, Italy, Spain), using industry …

Persistent link: https://www.econbiz.de/10011394520

COVID-19 and SME Failures

Gourinchas, Pierre-Olivier - 2020

We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...

Persistent link: https://www.econbiz.de/10012481180

The Wealthy Hand-to-Mouth

Kaplan, Greg - 2014

accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K., Germany, France, Italy, and … Spain to document the share of such households across countries, their demographic characteristics, the composition of their …

Persistent link: https://www.econbiz.de/10012458591

Productivity, Welfare and Reallocation : Theory and Firm-Level Evidence

Basu, Susanto - 2009

(Belgium, France, Great Britain, Italy, Spain), using industry-level (EU-KLEMS) and firm-level (Amadeus) data. After adding …

Persistent link: https://www.econbiz.de/10012463070

The Transmission Mechanism of Monetary Policy in Europe : Evidence from Banks' Balance Sheets

Favero, Carlo A. - 1999

implement a case-study on the response of banks in France, Germany, Italy and Spain to a monetary tightening. The episode we …Available studies on asymmetries in the monetary transmission mechanism within Europe are invariably based on macro … study occurred during 1992, when monetary conditions were tightened throughout Europe. Evidence on such tightening is …

Persistent link: https://www.econbiz.de/10012471558

Who Are the Hand-to-Mouth?

Aguiar, Mark - 2020

Many households hold little wealth, especially liquid wealth. In precautionary savings models, absent preference heterogeneity, these households should display not only higher marginal propensities to consume (MPCs), but also lower average propensities to consume (APCs) and higher future...

Persistent link: https://www.econbiz.de/10012479167

Foreign Investment and Domestic Productivity : Identifying Knowledge Spillovers and Competition Effects

Fons-Rosen, Christian - 2017

We study the impact of foreign direct investment (FDI) on total factor productivity (TFP) of domestic firms using a new, representative firm-level data set spanning six countries. A novel finding is that firm-level spillovers from foreign firms to domestic companies can be significantly...

Persistent link: https://www.econbiz.de/10012455039

Heterogeneous Paths of Industrialization

Huneeus, Federico - 2020

Industrialization experiences differ significantly across countries. We use a bench-mark model of structural change to shed light on the sources of this heterogeneity and, in particular, the phenomenon of premature deindustrialization. Our analysis leads to three key findings. First, benchmark...

Persistent link: https://www.econbiz.de/10012481434

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/10012482082

COVID-19 and SMEs : A 2021 "Time Bomb"?

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021

This paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs. Rather, business failures and policy costs remain...

Persistent link: https://www.econbiz.de/10012482634