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Why is Europe's employment rate almost 10 percent lower than that of the United States? This "jobs gap" has typically … been blamed on the rigidity of European labor markets. But in Services and Employment, an international group of leading … actually a services gap. But, Services and Employment asks, why does the United States consume services at such a greater rate …
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"Using a novel data of institutional investors' bond holdings, we examine a transmission of the crisis of 2007-2008 from the securitized bond market to the corporate bond market via joint ownership of these bonds by investors. We posit that, ceteris paribus, corporate bonds held by investors...
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