Industrial policy is back. Advocates for industrial policy argue that the important question is not whether such policies should be applied at all, but how to design and implement them. For the extractive industries this development poses a challenge. First, there is the argument that host...

Using firm-level data from surveys and financial statements, this paper presents an analysis of credit standards, capital allocation and financial conditions of non-financial enterprises in Denmark since the beginning of the financial crisis. The analysis indicates that low interest rates and...

Industrial policy is experiencing a major revival in the United States as policymakers and pundits of various ideological backgrounds propose ambitious new government schemes to boost innovation in a wide variety of sectors. Much of this advocacy focuses on creating detailed blueprints to...

Industrial policy is experiencing a major revival in the United States as policymakers and pundits of various ideological backgrounds propose ambitious new government schemes to boost innovation in a wide variety of sectors. Much of this advocacy focuses on creating detailed blueprints to...

It has been argued that existing DSGE models cannot properly account for the evolution of key macroeconomic variables during and following the recent Great Recession, and that models in which inflation depends on economic slack cannot explain the recent muted behavior of inflation, given the...