This paper studies the long-run effects of credit market disruptions on real firm outcomes and how these effects depend on nominal wage rigidities at the firm level. I trace out the long-run investment and growth trajectories of firms which are more adversely affected by a transitory shock to...

Trade and labour are connected in many ways. One aspect of their relationship revolves around the question whether products that are made in violation of labour rights, should be banned from the markets of importing States. In the negotiation process which led to the establishment of the World...