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December 27, 2016

Accounting for the Business Cycle Reduces the Estimated Losses from Systemic Banking Crises

Publication

We re-estimate the e ffects of systemic banking crises in industrialised countries reported by Cerra and Saxena with a model that includes transitory business cycle shocks.

August 17, 2016

Evidence on Dutch macroeconomic and sectoral productivity performance: Some stylised facts

Publication

Productivity is the key driver of long-run living standards. However, in recent years productivity growth has been low across the developed world.