the Great Recession and ensuing recovery. Our multi-sector framework accounts completely for countries' trade, investment …

We study the output costs of 40 systemic banking crises since 1980. Most, but not all, crises in our sample coincide … with a sharp contraction in output from which it took several years to recover. Our main findings are as follows. First …, the current financial crisis is unlike any others in terms of a wide range of economic factors. Second, the output losses …

subsequent output growth is stronger for countries that face stricter monetary policy constraints as measured by a less flexible …

structural vector autoregressions show that lower taxes and higher government purchases can boost output, it is difficult to …

We present the first comprehensive set of firm-level total factor productivity estimates for China's manufacturing … sector that spans her entry into WTO. We find that productivity growth is among the highest compared to other countries. For … our preferred estimate, the weighted average annual productivity growth for incumbents is 2.7% for a gross output …

capital inflows, real depreciation and a drop in output (driven by a fall in the output of nontradables)-all of which have …

several factors facilitate adjustment to shocks in middle income countries. Education attainment, share of manufacturing … output in GDP, and exchange rate stability increase the level of economic growth, while exchange rate flexibility, education …