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The German far right and the scars of reunificationOliver HoltemöllerFinancial Times, September 6, 2024
This year, the Competitiveness Research Network (CompNet) celebrates its 10th Annual Conference, together with Banque de France as co-host, which will (hopefully) take place in Paris. The goal of this conference is to enhance academic and policy discussion on the effects of COVID-19 on productivity, and to provide a forum for new policy-oriented research.
Focusing on both micro and aggregate U.S. data, we document the existence of a significant link between aggregate uncertainty, capital market valuations and reallocation of resources away from risky R&D-intensive capital.
The extent to which a country can benefit from trade openness crucially depends on its ease of reallocating resources. However, we know little about the role of domestic frictions in shaping the effects of trade policy.
