Discussion paper DP17520 To Own or to Rent? The Effects of Transaction Taxes on Housing Markets Lu Han Liwa Rachel Ngai Kevin Sheedy 31 Jul 2022 Rental market Macroeconomics and Growth D83 E22 R21 R28 R31
Discussion paper DP17508 Firm net worth, external finance premia and monitoring cost: Estimates based on firm-level data Sarah Lein 27 Jul 2022 Net worth Costly state verification Financial Economics Monetary Economics and Fluctuations E32 E22 E44
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 DP15690 Constrained-Efficient Capital Reallocation Andrea Lanteri Adriano A. Rampini 17 Jun 2022 Capital reallocation Pecuniary externalities Collateral Constrained efficiency Investment subsidies Financial Economics Macroeconomics and Growth Monetary Economics and Fluctuations E22 E44 D51 G31 H21
Discussion paper DP17372 Marketing Investment and Intangible Brand Capital Bart Bronnenberg Jean-Pierre Dube Chad Syverson 9 Jun 2022 Industrial Organization E22 M30 M31
Discussion paper DP15827 Speculative and Precautionary Demand for Liquidity in Competitive Banking Markets Diemo Dietrich Thomas Gehrig 26 Apr 2022 Expenditure needs Investment opportunities Liquidity insurance Penalty rates Competitive bank business models Financial Economics Industrial Organization D11 D86 E21 E22 G21 L22
Discussion paper DP17131 Serial Entrepreneurship in China Loren Brandt Ruochen Dai Gueorgui Kambourov Kjetil Storesletten Xiaobo Zhang 23 Mar 2022 Serial entrepreneurship entrepreneurship Capital distortions Macroeconomics and Growth D22 D24 E22 E44 L25 L26 O11 O14 O16 O40 O53 P25 R12 D21
Discussion paper DP14199 All You Need is Cash: Corporate Cash Holdings and Investment after the Financial Crisis Andreas Joseph Christiane Kneer Neeltje van Horen 16 Mar 2022 Firm investment Cash holdings Credit constraints Financial crisis Financial Economics Monetary Economics and Fluctuations E22 E32 E44 G32
Discussion paper DP16979 Management and Misallocation in Mexico Nicholas Bloom Leonardo Iacovone Mariana Pereira-Lopez John Van Reenen 31 Jan 2022 Misallocation Management Performance Services Manufacturing Mexico Labour Economics E22 F14 L25 O33 D24
Discussion paper DP16970 Expecting Brexit Thomas Sampson Swati Dhingra 30 Jan 2022 Brexit Trade policy Uncertainty Exchange rates International Macroeconomics and Finance International Trade and Regional Economics E22 E65 F13 F15 F16 F31 F40
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
