Discussion paper DP17561 Macroprudential policy with earnings-based borrowing constraints Thomas Drechsel Seho Kim 3 Oct 2022 Financial frictions Macroprudential policy Collateral constraints International Macroeconomics and Finance Monetary Economics and Fluctuations D62 E32 E44 G28
Discussion paper DP17472 Uncertainty Shocks, Capital Flows, and International Risk Spillovers Ozge Akinci Emekli Sebnem Kalemli-Ozcan Albert Queralto 14 Jul 2022 International Finance Financial frictions Risk premia Time-varying uncertainty Intermediary asset pricing Financial spillovers Global financial cycle International Macroeconomics and Finance E32 E44 F41
Discussion paper DP16720 Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium Vladimir Asriyan Luc Laeven Alberto Martin Alejandro Van der Ghote Victoria Vanasco 1 Jul 2022 Low interest rates Financial frictions Firm heterogeneity Allocation Credit Asset prices Balance sheet channel Optimal monetary policy Monetary Economics and Fluctuations E22 E32 E44 E52
Discussion paper DP17023 Government Procurement and Access to Credit: Firm Dynamics and Aggregate Implications Julian di Giovanni Manuel GarcÃa-Santana Enrique Moral-Benito Josep Pijoan-Mas 20 Jun 2022 Government procurement Financial frictions Capital accumulation Aggregate productivity Financial Economics International Macroeconomics and Finance Macroeconomics and Growth Monetary Economics and Fluctuations E22 E23 E62 G32
Discussion paper DP17342 Income Inequality and Job Creation Thomas Drechsel Sebastian Doerr Donggyu Lee 20 Jun 2022 Income inequality Job creation Small businesses Bank lending Household heterogeneity Financial frictions International Macroeconomics and Finance Macroeconomics and Growth D22 D31 E44 L25
Discussion paper DP17266 Optimal Taxation of Risky Entrepreneurial Capital Corina Boar Matthew Knowles 28 Apr 2022 entrepreneurship Financial frictions Taxation Macroeconomics and Growth Public Economics E2 E6 H2
Discussion paper DP16975 Earnings-Based Borrowing Constraints and Macroeconomic Fluctuations Thomas Drechsel 30 Jan 2022 Collateral constraints Loan covenants Cash flow-based lending Financial frictions Investment-specific shocks Sticky prices International Macroeconomics and Finance Monetary Economics and Fluctuations E22 E32 E44 G32
Discussion paper DP16567 Dynamic Strategic Corporate Finance: A Tug of War with Financial Frictions Ulrich Doraszelski Joao Gomes Felix Nockher 21 Sep 2021 Price and investment competition Financial frictions Industry dynamics Financial Economics Industrial Organization
Discussion paper DP16534 The Long-Term Effects of Industrial Policy Jaedo Choi Andrei Levchenko 10 Sep 2021 Industrial policy South korea Hci drive Learning-by-doing Financial frictions Welfare Economic History International Trade and Regional Economics Macroeconomics and Growth O14 O25
Discussion paper DP15585 Uncovering the mechanism(s): Financial constraints and wages Almut Balleer Hamzeh Arabzadeh Britta Gehrke 21 Dec 2020 Financial frictions Wages Search and matching Unemployment Business cycles Monetary Economics and Fluctuations E32 E44 J63 J64
VoxEU Column The shifting drivers of covered interest parity deviations Eugenio Cerutti Maurice Obstfeld Haonan Zhou 8 Oct 2020 Exchange Rates International Finance Covered interest parity monetary policy Financial frictions Arbitrage
Discussion paper DP15337 The Global Factor Structure of Exchange Rates Sofonias Alemu Korsaye Fabio Trojani Andrea Vedolin 5 Oct 2020 International asset pricing Stochastic discount factor Factor models Financial frictions Market segmentation Incomplete markets Capital flows Regularization Lasso Financial Economics F31 G15
