In the past decade, Germany has been the world champion in exporting capital (“Exportweltmeister”). No other country …

benchmark calibration, we estimate that the capital misallocation induced by these barriers reduces World GDP by 7%, compared to …-country inequality: the standard deviation of log capital per employee is 80% higher than it would be in a world without barriers to …

reduce world output by almost 7% and account for nearly half of the observed cross-country differences in capital stock per …

Germany is world champion in exporting capital ("Exportweltmeister"). No other country invests larger amounts of …

flows of actively managed bond funds. When the framework is applied to the data, using local currency sovereign bonds of 16 … EMEs, preliminary calculations show that local currency sovereign bonds that positively covary with the returns of active … price of risk. This double effect helps explain why spikes in returns of some EME local currency bonds can be especially …

In the past decade, Germany has been the world champion in exporting capital ("Exportweltmeister"). No other country …