Riding the Bubble? Chasing Returns into Illiquid Assets NBER (2014-08-05)
Household investors chase stock market returns. Surveys suggest that households intend to "ride the bubble" by buying stocks early in a boom and selling stocks early in a bust. This implies that households use only liquid assets t .. more |
The growth impact of discretionary fiscal policy measures ECB (2014-08-04)
This paper looks at the impact of discretionary fiscal policy on economic growth for a sample of 18 EU countries over the period 1998-2011. The main novelty of this paper is the use, on the revenue side, of a dataset of fiscal mea .. more |
Fostering a Creative Economy to Drive Korean Growth OECD (2014-08-04)
A creative economy requires innovation-friendly conditions. Korea's innovation system should be improved by upgrading universities and expanding their role in business R&D, while increasing international collaboration in R&D from .. more |