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How Effective were Job-Retention Schemes during the COVID-19 Pandemic? A Microsimulation Approach for European Countries

Author/Editor: W Raphael Lam, Alexandra Solovyeva.

Release Date:January, 2023

The COVID-19 pandemic had posed a dramatic impact on labor markets across Europe. Forceful fiscal responses have prevented an otherwise sharper contraction. Many countries introduced or expanded more...



Price: $20.00
The Great Divide: Regional Inequality and Fiscal Policy

Author/Editor: William Gbohoui, W Raphael Lam, Victor Duarte Lledo.

Release Date:May, 2019

Growing regional inequality within countries has raised the perception that “some places and people” are left behind. This has prompted a shift toward inward-looking policies and away from more...



Price: $18.00
China's Local Government Bond Market

Author/Editor: W Raphael Lam, Jingsen Wang.

Release Date:September, 2018

Local governments play a significant role in China’s public finance and fiscal operations. The size of local government debt has grown rapidly over the past years, exceeding the stock of sovereign more...



Price: $18.00
Resolving China's Zombies: Tackling Debt and Raising Productivity

Author/Editor: W Raphael Lam, Alfred Schipke, Yuyan Tan, Zhibo Tan.

Release Date:November, 2017

Nonviable “zombie” firms have become a key concern in China. Using novel firm-level industrial survey data, this paper illustrates the central role of zombies and their strong linkages with more...



Price: $18.00
Assessing China's Residential Real Estate Market

Author/Editor: Ding Ding, Xiaoyu Huang, Tao Jin, W Raphael Lam.

Release Date:November, 2017

China’s real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across more...



Price: $18.00
Modernizing China : Investing in Soft Infrastructure

Author/Editor: W Raphael Lam, Markus Rodlauer, Alfred Schipke.

Release Date:January, 2017

China is at a critical juncture in its economic transformation as it tries to rebalance what is generally seen as an exhausted growth model. A unifying theme across the reforms that will deliver this more...



Price: $38.00
Resolving China's Corporate Debt Problem

Author/Editor: Wojciech Maliszewski, Serkan Arslanalp, John Caparusso, José Garrido, Si Guo, Joong Shik Kang, W Raphael Lam, Daniel Law, Wei Liao, Nadia Rendak, Philippe Wingender, Jiangyan Yu, Longmei Zhang.

Release Date:October, 2016

Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has more...



Price: $18.00