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Openness, technology capital, and development
McGrattan, Ellen R. (contributor);  … - 2007
A framework is developed with what we call technology capital. A country is a measure of locations. Absent policy constraints, a firm owning a unit of technology capital can produce the composite output good using the unit of technology capital at as many locations as it chooses. But it can...
Persistent link: https://www.econbiz.de/10003479620
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The crisis: policy lessons and policy challenges
Cœuré, Benoît; Jacquet, Pierre; Pisani-Ferry, Jean; … - 2009
We review the competing explanations of the 2007-2008 global crisis, recall how governments around the world had to …-bail-out world, the trade-off between financial stability and the cost of capital, the feasibility for central banks to manage their …
Persistent link: https://www.econbiz.de/10003923590