economic recovery
-
Testing Greenspan’s ‘Spare Tire’ Hypothesis: Benefits of Shareholder Protection Laws during Banking Crises
•
Firm-level data across 36 countries suggests that shareholder protection laws do mitigate the adverse consequences of banking crises by allowing stock markets to act as an alternative source of financing.
-
Scaling Back Quantitative Easing: Domestic Recovery at a Foreign Cost
•
Federal Reserve announcements about “tapering,” or reducing the level of quantitative easing, had significant negative impacts on financial asset prices in otherwise robust emerging market economies.
-
Measuring Economic Policy Uncertainty: A Study Analysis
•
A subject of debate: is economic policy uncertainty holding back a stronger post-Great Recession recovery?