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Growth of Global Corporate Debt : Main Facts and Policy Challenges

Abraham, Facundo - 2020

This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...

Persistent link: https://www.econbiz.de/10012823367

What makes a young entrepreneur?

Blanchflower, David G. (contributor); … - 2007

This paper documents some of the patterns in modern microeconomic data on young people’s employment, attitudes and entrepreneurial behaviour. Among other sources, the paper uses the Eurobarometer Surveys; the Labour Force Surveys from Canada and the Current Population Survey in the United...

Persistent link: https://www.econbiz.de/10003571667

The objective measurement of world-leading research

Oswald, Andrew J. - 2015

measure of, a nation's 'world-leading research'? Following a variant of a method developed in Oswald (2010), I examine … citations data on 450 genuinely world-leading journal articles over the Research Excellence Framework period 2008-2014. The UK … Research Assessment Exercise period 2001-2008. I conclude that it is possible to produce an objective measure of world …

Persistent link: https://www.econbiz.de/10010477884

Was Brexit caused by the unhappy and the old?

Liberini, Federica; Oswald, Andrew J.; Proto, Eugenio; … - 2017

On 23 June 2016, the United Kingdom voted to leave the European Union (so-called 'Brexit'). This paper uses newly released information, from the Understanding Society data set, to examine the characteristics of individuals who were for and against Brexit. Two key findings emerge. First, unhappy...

Persistent link: https://www.econbiz.de/10011737487

Mortality and immortality

Rablen, Matthew D. (contributor); … - 2007

It has been known for centuries that the rich and famous have longer lives than the poor and ordinary. Causality, however, remains trenchantly debated. The ideal experiment would be one in which status and money could somehow be dropped upon a sub-sample of individuals while those in a control...

Persistent link: https://www.econbiz.de/10003527566

Emotional prosperity and the Stiglitz Commission

Oswald, Andrew J. - 2010

This paper argues - in line with the proposals of the recent Stiglitz Commission on the Measurement of Economic Performance and Social Progress - that we should now be measuring a nation's emotional prosperity rather than its economic prosperity (that is, we ought to focus on the level of mental...

Persistent link: https://www.econbiz.de/10009314279

National happiness and genetic distance : a cautious exploration

Proto, Eugenio; Oswald, Andrew J. - 2014

This paper examines a famous puzzle in social science. Why do some nations report such high happiness? Denmark, for instance, regularly tops the league table of rich nations' well-being; Great Britain and the US enter further down; France and Italy do relatively poorly. Yet the explanation for...

Persistent link: https://www.econbiz.de/10010380028

The wage curve reloaded

Blanchflower, David G. (contributor); … - 2005

This paper provides evidence for the existence of a wage curve - a micro-econometric association between the level of pay and the local unemployment rate - in modern U.S. data. Consistent with recent evidence from more than 40 other countries, the wage curve in the United States has a long-run...

Persistent link: https://www.econbiz.de/10003121052

Global Corporate Debt During Crises : Implications of Switching Borrowing Across Markets

Cortina Lorente, Juan Jose - 2020

This paper studies how crises prompted firms to switch borrowing across markets, impacting the amount borrowed, maturity, and currency denomination at the firm and aggregate levels. Using data on worldwide debt issuance from advanced and emerging economies, the paper shows that firms shifted...

Persistent link: https://www.econbiz.de/10012842157

Toward Successful Development Policies : Insights from Research in Development Economics

Artuc, Erhan - 2020

What major insights have emerged from development economics in the past decade, and how do they matter for the World … Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the …

Persistent link: https://www.econbiz.de/10012842639