IWH Research Seminar

Virtual lecture: The Impact of Regulation on Innovation

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable endogenous growth model with size-contingent regulations.

IWH Research Seminar

Development in Task Space

This paper studies the relation between growth and task specialization in trade. We measure the task content of exports using world input-output tables for sixty-two advanced and developing countries from 2000 to 2018.

IWH Research Seminar

The Real Effects of Exchange Rate Depreciation: The Role of Bank Loan Supply

Using matched bank-firm-level data and the 2014 depreciation of the euro, we show that exchange rate depreciations can lead to higher loan supply.

IWH Research Seminar

Virtual lecture: Household Portfolios and Retirement Saving over the Life Cycle

This paper documents the share of investable wealth that middle-class U.S. investors hold in the stock market over their working lives. This share rises modestly early in life and falls significantly as people approach retirement.

IWH Research Seminar

Virtual lecture: Downward Revision of Investment Decisions after Corporate Tax Hikes

IWH Research Seminar

Virtual Lecture: Trainspotting: Board Appointments in Private Firms

IWH Research Seminar

Workers’ bargaining Power and the Phillips Curve

We use a general equilibrium model to show that a decrease in workers' bargaining power amplifies the relative contribution to the output gap of adjustments along the extensive margin of labour utilization. This mechanism reduces the cyclical movements of marginal cost (and inflation) relative to those of the output gap.

IWH Research Seminar

Virtual Lecture: Corporate foreign bond issuance and interfirm loans in China

We use firm-level data to analyze international bond issuance by Chinese non-financial corporations, distinguishing those by sectors classed as ‘risky’.