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Financial systems and economic growth credit crises and regulation 19th century present | Economic development and growth

Financial systems and economic growth credit crises and regulation 19th century present | Economic development and growth
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Covid-19 and the continued labour reallocation to productive and tech-savvy firms

Covid-19 has been characterised as a reallocation shock, but the debate has so far lacked a clear link with productivity. This column uses real-time data to show that job reallocation remained connected to firm productivity even while labour turnover fell in response to the pandemic. High (low) productivity firms were more likely to expand (contract), although the strength of

Side effects of monetary easing in a low interest rate environment: reversal and risk-taking

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

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