. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to … higher prices, relative to unconstrained firms. The search for and availability of liquidity is a key determinant of firms …

. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to … higher prices, relative to unconstrained firms. The search for and availability of liquidity is a key determinant of firms …

improvesupon existing studies of the role of "culture" for labor market outcomes by dealing explicitlywith the endogeneity of … attitudes, policies and institutions, and by allowing for the persistentnature of labor market outcomes. When we do all this we …

when there are interactions between policies and institutions inproduct and labor markets... …