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the market during bad times. Second, when we look at total factor productivity (TFP), we don't see a clear "cleansing …
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deteriorating productivity and rising exit rates. We find supportive evidence for other US-based stylized facts, such as young firms …
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", as proxied by productivity growth shocks - in line with the Real Business Cycle framework -, and we provide empirical …
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The seven largest emerging market economies -China, India, Brazil, Russia, Mexico, Indonesia, and Turkey- constituted more than one-quarter of global output and more than half of global output growth during 2010-15.These emerging markets, which we call EM7,are also closely integrated with other...
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This paper investigates the impact of macroeconomic shocks on infant mortality in India and investigates likely mechanisms. A recent OECD-dominated literature shows that mortality at most ages is pro-cyclical but similar analyses for poorer countries are scarce, and both income risk and...
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