We study racial and gender disparities in entrepreneurial activity through the lens of a Roy model, focusing on the distinction between idea generation and execution. Using nationally representative ...
The effects of macroprudential policy on portfolio flows vary considerably across the global financial cycle. A tighter ex-ante macroprudential stance amplifies the impact of global risk shocks on ...
Despite a formal ‘no-bailout clause’, we estimate significant net present value transfers from the European Union to Cyprus, Greece, Ireland, Portugal and Spain, ranging from roughly 0.5% (Ireland) to ...
These are preliminary drafts and may not have been subjected to the formal review process of the NBER. This page will be updated as the book is revised.
These are preliminary drafts and may not have been subjected to the formal review process of the NBER. This page will be updated as the book is revised.
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