Author/Editor: Juliana Dutra Araujo, José Garrido, Emanuel Kopp, Richard Varghese, Weijia Yao.

Release Date:February, 2022

This paper presents principles that could guide the design of more targeted policy support and facilitate the restructuring of firms adversely impacted by the COVID-19 pandemic. To this end, the more...

Author/Editor: Sharjil M Haque, Richard Varghese.

Release Date:November, 2021

We study the impact of the COVID-19 recession on capital structure of publicly listed U.S. firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5.3 percentage points from the pre-shock more...

Author/Editor: Fabian Valencia, Richard Varghese, Weijia Yao, Juan Yepez.

Release Date:February, 2021

The policy response to the COVID-19 shock included regulatory easing across many jurisdictions to facilitate the flow of credit to the economy and mitigate a further ampli-fication of the shock more...

Author/Editor: Vizhdan Boranova, Raju Huidrom, Sylwia Nowak, Petia Topalova, Volodymyr Tulin, Richard Varghese.

Release Date:December, 2019

Wages have been rising faster than productivity in many European countries for the past few years, yet signs of underlying consumer price pressures remain limited. To shed light on this puzzle, this more...

Author/Editor: Carlos Mulas-Granados, Richard Varghese, Vizhdan Boranova, Alice deChalendar, Judith Wallenstein.

Release Date:December, 2019

We exploit a survey data set that contains information on how 11,000 workers across advanced and emerging market economies perceive the main forces shaping the future of work. In general, workers more...

Author/Editor: Richard Varghese, Yuanyan Sophia Zhang.

Release Date:January, 2018

ECB President Draghi's Jackson Hole speech in August 2014 arguably marked a new phase of unconventional monetary policies (UMPs) in the euro area. This paper examines the market impact and more...