Financial Frictions and the Great Productivity Slowdown /

We study the role of financial frictions in explaining the sharp and persistent productivity growth slowdown in advanced economies after the 2008 global financial crisis. Using a rich cross-country, firm-level data set and exploiting quasi-experimental variation in firm-level exposure to the crisis,...

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Hlavní autor: Duval, Romain
Další autoři: Hong, Gee Hee, Timmer, Yannick
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2017.
Edice:IMF Working Papers; Working Paper ; No. 2017/129
On-line přístup:Full text available on IMF