We study the role of export credit agencies — the predominant tool of industrial policy — on firm behavior by using the … effective shutdown of the Export–Import Bank of the United States (EXIM) from 2015-2019 as a natural experiment. We show that … more pronounced for firms with higher export opportunities and higher ex-ante marginal revenue products of capital. Lower …

We estimate Frisch elasticity in a labor market with high job turnover. In a context where only around 18% of the … Frisch elasticity. We estimate Frisch elasticity at around 0.38, which indicates fairly adjustable wages and little reaction … of hours of work to wage variations. Moreover, we find that the Frisch elasticity is decreasing in income and tended to …