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Debt Mutualization in the Euro Area: A Quantitative Exploration

Author/Editor: Sakai Ando, Giovanni Dell'Ariccia, Pierre-Olivier Gourinchas, Guido Lorenzoni, Adrian Peralta, Francisco Roch.

Release Date:March, 2023

This paper explores the feasibility of an idea proposed first by the German Council of Economic Experts in 2011 and revisited by Italian and French authorities in 2021: the one-off mutualization of more...



Price: $20.00
Systematizing Macroframework Forecasting: High-Dimensional Conditional Forecasting with Accounting Identities

Author/Editor: Sakai Ando, Taehoon Kim.

Release Date:June, 2022

Forecasting a macroframework, which consists of many macroeconomic variables and accounting identities, is widely conducted in the policy arena to present an economic narrative and check its more...



Price: $20.00
European Labor Markets and the COVID-19 Pandemic: Fallout and the Path Ahead

Author/Editor: Sakai Ando, Ravi Balakrishnan, Bertrand Gruss, Jean-Jacques Hallaert, La-Bhus Fah Jirasavetakul, Koralai Kirabaeva, Nir Klein, Ana Lariau, Lucy Qian Liu, Davide Malacrino, Haonan Qu, Alexandra Solovyeva.

Release Date:March, 2022

In 2020, the COVID-19 pandemic caused by far the largest shock to European economies since World War II. Yet, astonishingly, the EU unemployment rate had already declined to its pre-crisis level by more...



Price: $20.00
Watch What They Do, Not What They Say: Estimating Regulatory Costs from Revealed Preferences

Author/Editor: Adrien Alvero, Sakai Ando, Kairong Xiao.

Release Date:February, 2022

We show that distortion in the size distribution of banks around regulatory thresholds can be used to identify costs of bank regulation. We build a structural model in which banks can strategically more...



Price: $5.00
Productivity in the Netherlands

Author/Editor: Sakai Ando.

Release Date:August, 2020

Although GDP growth in the Netherlands has recently been stronger than in peer countries, the main contributor has been the growth in labor. If GDP is divided by labor, productivity growth appears to more...



Price: $18.00
Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets?

Author/Editor: Sakai Ando, Mengxue Wang.

Release Date:March, 2020

This paper studies whether FDI firms employ more workers than domestic firms for each dollar of assets. Using the Orbis database and its ownership structure information, we show that, in most more...



Price: $18.00
International Financial Connection and Stock Return Comovement

Author/Editor: Sakai Ando.

Release Date:August, 2019

This paper studies whether bilateral international financial connection data help predict bilateral stock return comovement. It is shown that, when the United States is chosen as the benchmark, a more...



Price: $18.00
Indexing Structural Distortion: Sectoral Productivity, Structural Change and Growth

Author/Editor: Sakai Ando, Koffie Ben Nassar.

Release Date:September, 2017

This paper proposes a new index of sectoral labor distortion using employment and valueadded shares. We show that this index is highly correlated with growth both crosssectionally and more...



Price: $18.00
Labor Market Fallout of the Covid-19 Crisis and Associated Policy Options

Author/Editor: Sakai Ando, Ravi Balakrishnan, Bertrand Gruss, Jean-Jacques Hallaert, La-Bhus Fah Jirasavetakul, Koralai Kirabaeva, Nir Klein, Ana Lariau, Lucy Qian Liu, Davide Malacrino, Haonan Qu, Alexandra Solovyeva.

Release Date:Not Yet Published



Price: $20.00