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High Yields : The Spread on German Interest Rates

Favero, Carlo A. - 2008

bonds between high yielders, namely Italy, Spain, Sweden and Germany. In particular we address the question of the relative …

Persistent link: https://www.econbiz.de/10012774986

Does Management Matter in Schools

Bloom, Nicholas - 2014

outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …

Persistent link: https://www.econbiz.de/10013044342

Management Practices, Workforce Selection and Productivity

Bender, Stefan - 2016

and firm-level productivity in Germany. In our preferred TFP estimates only a small fraction of this correlation is …

Persistent link: https://www.econbiz.de/10012996465

Competition and Innovation : An Inverted U Relationship

Aghion, Philippe; Bloom, Nicholas; Griffith, Rachel; … - 2021

This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is … reduce innovation incentives for laggards. There are four key predictions. First, the relationship between product market … competition (PMC) and innovation is an inverted U-shape. Second, the equilibrium degree of technological neck-and-neckness' among …

Persistent link: https://www.econbiz.de/10013230578

The Output Effect of Fiscal Consolidations

Alesina, Alberto F. - 2012

The present paper argues that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of fiscal plans rather than of individual fiscal shocks. The simulation of the fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the...

Persistent link: https://www.econbiz.de/10013101511

Covid-Induced Economic Uncertainty

Baker, Scott R. - 2020

Assessing the economic impact of the COVID-19 pandemic is essential for policymakers, but challenging because the crisis has unfolded with extreme speed. We identify three indicators – stock market volatility, newspaper-based economic uncertainty, and subjective uncertainty in business...

Persistent link: https://www.econbiz.de/10012837188

The Effects of Fiscal Consolidations : Theory and Evidence

Alesina, Alberto F. - 2017

We investigate the macroeconomic effects of fiscal consolidations based upon government spending cuts, transfers cuts and tax hikes. We extend a narrative dataset of fiscal consolidations, with details on over 3500 measures for 16 OECD countries. We show that government spending cuts and cuts in...

Persistent link: https://www.econbiz.de/10012956924

Turbulence, Firm Decentralization and Growth in Bad Times

Aghion, Philippe - 2017

What is the optimal form of firm organization during “bad times”? We present a model of delegation within the firm to show that the effect is ambiguous. The greater turbulence following macro shocks may benefit decentralized firms because the value of local information increases (the...

Persistent link: https://www.econbiz.de/10012957377

Is it the "How" or the "When" that Matters in Fiscal Adjustments?

Alesina, Alberto F. - 2016

Using data from 16 OECD countries from 1981 to 2014 we study the effects on output of fiscal adjustments as a function of the composition of the adjustment – that is, whether the adjustment is mostly based on spending cuts or on tax hikes – and of the state of the business cycle when the...

Persistent link: https://www.econbiz.de/10012978524

The New Empirical Economics of Management

Bloom, Nicholas - 2014

Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across multiple sectors and countries. We developed the survey to try to explain the large and persistent TFP differences across firms and countries. This review paper discusses what has...

Persistent link: https://www.econbiz.de/10013054045