This paper provides an empirical analysis of the financial structure of large buyouts. We collect detailed information on the financing of 1157 worldwide private equity deals from 1980 to 2008. Buyout leverage is cross-sectionally unrelated to the leverage of matched public firms, and is largely...

This second edition of Readings in Macroeconomics presents a revised and updated selection of the most significant papers in macroeconomics, published by the acclaimed journal the Oxford Review of Economic Policy. The selected articles combine a high standard of analysis with non-technical...