Booms, Crises, and Recoveries: A New Paradigm of the Business Cycle and its Policy Implications IMF (2017-11-21)
All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output losses. These findings have far-reaching conceptual and poli .. more | Asia's Middle-Income Challenge: An Overview ADB (2017-11-21)
This paper explores key developmental challenges facing middle-income Asian economies, and puts forth concrete policy options for tackling those challenges. Developing Asia has undergone a relatively rapid transforma .. more | Winning Connections? Special Interests and the Sale of Failed Banks CEPR (2017-11-21)
We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We show that bidding banks that lobby regulators have a higher probability of winning an auction. In ad .. more |
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