occurred in Finland in the early 1990s. We find that the sharp drop in real GDP over the period 1990-93 was driven by a … increases in government consumption during 1989-94, which drove down hours worked in Finland. We attempt to endogenize the drop …

During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the … of Soviet-Finnish trade can explain key features of Finland's Great Depression. We also show that Finland's Great … similar trade collapse. However, as a western democracy with developed capital markets and institutions, Finland faced none of …

This paper examines the relative benefits of general education and vocational training in Romania, a country which …

This paper examines a schooling expansion in Romania which increased educational attainment for successive cohorts born …

. This paper exploits an educational reform in Romania to examine the impact of postponing tracking on the proportion of …

and wages in Romania …

. For the first task, we exploit almost 2,000 regression discontinuity quasi-experiments observed in the context of Romania …

, Ecuador, Romania and Ukraine. We show that because default and restructuring are so painful and costly, it is simply not time …