The paper examines the relationship between leverage and growth in a group of emerging central and eastern European … moderate leverage could boost growth while very high leverage could lower it by increasing the likelihood of financial distress … beyond which further increases in leverage could lower TFP growth. -- Excess leverage ; bank efficiency ; market …

growth. For many of the types of hiring credits we examine we do not find positive effects on job growth. However, some … credits when job creation goals are not met, and refundable hiring credits - appear to have succeeded in boosting job growth … generate hiring without increasing employment or to generate much more hiring than net employment growth, consistent with these …