impact of monetary policy on capital misallocation through its heterogeneous effects on firms. Using Spanish firm-level data … covering the period 1999-2019, we show that an expansionary monetary policy shock leads to a decrease in capital misallocation …

empirically investigates the impact of local house price booms on capital misallocation within manufacturing industries. Using the …

series of arguments that decentralization of governments enhances growth by improving allocation efficiency. However, the … there might be a threshold level of economic development below which decentralization is not effective. Developing and … transition countries have developed a variety of forms of fiscal decentralization as a possible strategy to achieve effective and …

series of arguments that decentralization of governments enhances growth by improving allocation efficiency. However, the … there might be a threshold level of economic development below which decentralization is not effective. Developing and … transition countries have developed a variety of forms of fiscal decentralization as a possible strategy to achieve effective and …

?rderung wirtschaftlichen Wachstums auch das Instrument der Dezentralisierung, das oft als Mittel zur ?Beruhigung? separatistischer Bestrebungen …-enhancing policies, but also on the instrument of decentralization, which is often presented as a tool suited to appease separatist …

between infrastructure and private productivity. The second subject is the determinants of regional infrastructure investment … infrastructure to private production; the essays three to five study besides the productivity effects also the determinants of …

rigidity. The third essay analyses how different unionisation structures affect firm productivity and firm performance in a … among heterogeneous producers and increases average productivity and profit levels, firm-level bargaining allows less … productive entrants to remain in the market. The positive effect of centralised bargaining on average productivity can, however …

on productivity growth, and additionally export behavior has to be persistent over time. Both conditions are empirically …