Now showing items 1-2 of 2

    • Survive Another Day: Using Changes in the Composition of Investments to Measure the Cost of Credit Constraints 

      Garicano, Luis; Steinwender, Claudia (MIT Press - Journals, 2016)
      We introduce a novel empirical strategy to measure the size of credit shocks. Theoretically, we show that credit shocks reduce the value of long-term relative to short-term investments. Empirically, we can therefore compare ...
    • Taxation, Corruption, and Growth 

      Aghion, Philippe; Akcigit, Ufuk; Cage, Julia; Kerr, William Robert (Elsevier, 2016)
      We build an endogenous growth model to analyze the relationships between taxation, corruption, and economic growth. Entrepreneurs lie at the center of the model and face disincentive effects from taxation but acquire ...