Firms' judgements on the current order situation are still signalling no improvement of business conditions. Output expectations for the months to come have become still more pessimistic. In addition, the flood disaster has led to huge losses in private wealth and considerable shortfalls in...

We study the evolution and cyclical dependency of the cross sectional distribution of firm level job creation rates from 1975 to 2004 for the Austrian private sector. We find that the share of firms that o not adjust has declined over time, but that the share of entries, exits, growing and...

When dealing with credit booms driven by capital inflows, monetary authorities in emerging markets are often reluctant to raise interest rates, as they fear that an increase attracts even more capital and appreciates the currency. A number of countries therefore use reserve requirements as an...