attitudes (trust in domestic and international institutions, populism and immigration); and iii) social aspects … is a sensible increase in trust in domestic institutions. We also document that the pandemic had heterogeneous and …

Economists have long suspected that firm-to-firm relationships might increase price rigidity due to the use of explicit … older versus newly formed relationships. Based on additional stylized facts about a relationship's life cycle and interviews … the average length of relationships in the economy - e.g., in a recession, when the share of young relationships declines …

older relationships, the payment choice is, therefore, only determined by the financing cost advantage of trade credit, and … all relationships rely on trade credit in the long run. The paper thereby suggests a new benefit of long-term trade … relationships: the ability to save on financing costs through the use of trade credit. …