Publications

July 26, 2016

Dependence on External Finance and SME Survival

This CPB Background Document addresses whether, in the aftermath of the financial crisis, default probabilities of firms that depend more on external finance were affected more negatively than default probabilities of less dependent firms.

November 11, 2015

An update of Blanchard’s and Leigh’s estimates in Growth Forecast Errors and Fiscal Multipliers

Olivier Blanchard’s and Daniel Leigh’s work on growth forecast errors and fiscal multipliers in 2009-2011 has been highly influential.

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