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Gourinchas, Pierre-Olivier - 2020

We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...

Persistent link: https://www.econbiz.de/10012481180

Fiscal Policy in the Age of COVID : Does it ‘Get in all of the Cracks?'

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021

We study the effects of fiscal policy in response to the COVID-19 pandemic at the firm, sector, country and global level. First, we estimate the impact of COVID-19 and policy responses on small and medium sized enterprise (SME) business failures. We combine firm-level financial data from 50...

Persistent link: https://www.econbiz.de/10012629513

COVID-19 and SMEs : A 2021 "Time Bomb"?

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021

This paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs. Rather, business failures and policy costs remain...

Persistent link: https://www.econbiz.de/10012482634

What Hinders Investment in the Aftermath of Financial Crises : Insolvent Firms or Illiquid Banks?

Kalemli-Ozcan, Sebnem - 2010

We quantify the effects of lending and balance sheet channels on corporate investment during large crises in emerging markets. The depreciated currency creates investment opportunities in the tradable sector but firms might be financially constrained due to: 1) a deterioration of their balance...

Persistent link: https://www.econbiz.de/10012462129

London Fog : A Century of Pollution and Mortality, 1866-1965

Hanlon, W. Walker - 2018

This study provides new evidence on the impact of air pollution in London over the century from 1866-1965. To identify … weeks with elevated pollution levels I use new data tracking the timing of London's famous fog events, which trapped … exposure due to fog events accounted for at least one out of every 200 deaths in London during this century. I provide evidence …

Persistent link: https://www.econbiz.de/10012453227

Temperature, Disease, and Death in London : Analyzing Weekly Data for the Century from 1866-1965

Hanlon, W. Walker - 2020

Using weekly mortality data for London spanning 1866-1965, we analyze the changing relationship between temperature and … the timing of the infant mortality decline in London …

Persistent link: https://www.econbiz.de/10012481527

The Rise of the Engineer : Inventing the Professional Inventor During the Industrial Revolution

Hanlon, W. Walker - National Bureau of Economic Research - 2022

Why was the Industrial Revolution successful at generating sustained growth? Some have argued that there was a fundamental change in the way that new technology was developed during this period, but evidence for this argument remains largely anecdotal. This paper provides direct quantitative...

Persistent link: https://www.econbiz.de/10012938720

Analyzing the Agenda of the U.K. Parliament Over the Long Run

Hanlon, W. Walker - National Bureau of Economic Research - 2022

This article develops a method for quantitatively tracking the agenda of the British Parliament--by which I mean the substantive topics on which Parliamentary debate was focused--from 1810-2005 using descriptions of 1.7 million Parliamentary debates from the Parliamentary Hansard. This provides...

Persistent link: https://www.econbiz.de/10013210049

A Penny for Your Thoughts

Hanlon, W. Walker; Heblich, Stephan; Monte, Ferdinando; … - National Bureau of Economic Research - 2022

How do communication costs affect the production of new ideas and inventions? To answer this question, we study the introduction of the Uniform Penny Post in Great Britain in 1840. This reform replaced the previous system of expensive distance-based postage fees with a uniform low rate of one...

Persistent link: https://www.econbiz.de/10013210104

Censorship, Family Planning, and the Historical Fertility Transition

Beach, Brian - 2019

The historical fertility transition is one of the most important events in economic history. This study provides new evidence on the role that ideas about family planning played in this transition. We begin by documenting a link between the famous Bradlaugh-Besant trial that took place in...

Persistent link: https://www.econbiz.de/10012479703