Financial Frictions and the Great Productivity Slowdown /

We study the role of financial frictions in explaining the sharp and persistent productivity growth slowdown in advanced economies after the 2008 global financial crisis. Using a rich cross-country, firm-level data set and exploiting quasi-experimental variation in firm-level exposure to the crisis,...

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Bibliographic Details
Main Authors: Duval, Romain (Author), Hong, Gee Hee (Author), Timmer, Yannick (Author)
Format: Electronic eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, [2017]
Series:IMF working paper ; WP/17/129.
Subjects:
Online Access:CONNECT