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A growing literature stresses the importance of the “global financial cycle”, a common global movement in asset prices … and credit conditions, for emerging market economies (EMEs). It is argued that one of the key drivers of this global cycle …
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Using a structural life-cycle model, we quantify the long-term impact of school closures during the Corona crisis on children affected at different ages and coming from households with different parental characteristics. In the model, public investment through schooling is combined with parental...
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