We find evidence of a bank lending channel operating in the euro area via bank risk.
Financial innovation and the wider use of new ways of transferring credit risk have tended to …

Poverty is generally defined as income or expenditure insufficiency, but the economic
condition of a household also depends on its real and financial asset holdings. This paper …

Consideration of world inequality should cause reexamination of the key concepts
underlying the welfare approach to measuring income inequality and its relation to …

A large body of literature has shown that small firms experience difficulties in accessing the
credit market due to informational asymmetries. Banks can overcome these asymmetries …

This paper presents new evidence on the patterns of price and wage adjustment in
European firms and on the extent of nominal rigidities. It uses a unique dataset collected …

Of particular importance for education policy-makers is the possibility that teacher mobility
adversely affects the quality of teaching in schools serving mainly disadvantaged and …

The aim of this paper is to analyze the selection process at work before and after compulsory
schooling by assessing the determinants of school failures, dropouts, and upper secondary …

Switching costs are a key determinant of market performance. This paper tests their
existence in the corporate loan market in which they are likely to play a central role because …

Despite the fact that it provides a potentially useful analytical tool, allowing for the joint
modeling of dynamic interdependencies within a group of connected areas, until lately the …

The article focuses on the fact that several micro-mechanisms operating in education may
contribute to the reproduction of class-based social inequalities in education systems. These …