Macroeconomic Policy, Product Market Competition, and Growth : The Intangible Investment Channel /
While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering intan...
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| Andre forfattere: | , |
| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
2020.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2020/025 |
| Online adgang: | Full text available on IMF |