 | The Effectiveness of Job-Retention Schemes: COVID-19 Evidence From the German States Author/Editor: Shekhar Aiyar, Mai Chi Dao. Release Date:October, 2021 Kurzarbeit (KA), Germany's short-time work program, is widely credited with saving jobs and supporting domestic demand during the COVID-19 recession. We quantify the impact by exploiting state-level more...
| Price: $5.00
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 | COVID-19: How Will European Banks Fare? Author/Editor: Shekhar Aiyar, Mai Chi Dao, Andreas A Jobst, Aiko Mineshima, Srobona Mitra, Mahmood Pradhan. Release Date:March, 2021 This paper evaluates the impact of the crisis on European banks’ capital under a range of macroeconomic scenarios, using granular data on the size and riskiness of sectoral exposures. The analysis more...
| Price: $20.00
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| Wealth Inequality and Private Savings: The Case of Germany Author/Editor: Mai Dao. Release Date:June, 2020 This paper explores the interaction between corporate ownership concentration and private savings, and by extension, the current account balance in Germany. As high corporate savings largely more...
| Price: $18.00
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| The External Balance Assessment Methodology: 2018 Update Author/Editor: Luis M Cubeddu, Signe Krogstrup, Gustavo Adler, Pau Rabanal, Mai Chi Dao, Swarnali A Hannan, Luciana Juvenal, Carolina Osorio Buitron, Cyril Rebillard, Daniel Garcia-Macia, Callum Jones, Jair Rodriguez, Kyun Suk Chang, Deepali Gautam, Zijiao Wang, Nan Li. Release Date:March, 2019 The assessment of external positions and exchange rates is a key mandate of the IMF. This paper presents the updated External Balance Assessment (EBA) framework—a key input in the conduct of more...
| Price: $18.00
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| Innovation and Corporate Cash Holdings in the Era of Globalization Author/Editor: Konrad Adler, JaeBin Ahn, Mai Chi Dao. Release Date:January, 2019 We document a broad-based trend in rising cash holdings of firms across major industrialized countries over the last two decades, a trend that is most pronounced for firms engaged strongly in R&D more...
| Price: $18.00
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| The Rise in Corporate Saving and Cash Holding in Advanced Economies: Aggregate and Firm Level Trends Author/Editor: Mai Chi Dao, Chiara Maggi. Release Date:December, 2018 Using cross-country national accounts and firm-level data, we document a broad-based trend in rising gross saving and net lending of non-financial corporates across major industrialized countries more...
| Price: $18.00
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| Demographics, Old-Age Transfers and the Current Account Author/Editor: Mai Chi Dao, Callum Jones. Release Date:December, 2018 Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a more...
| Price: $18.00
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| Finance and Employment in Developing Countries: The Working Capital Channel Author/Editor: Mai Chi Dao, Lucy Qian Liu. Release Date:August, 2017 We study the effect of external financing constraint on job creation in emerging markets and
developing countries (EMDC) at the firm level by looking at a specific transmission channel
- more...
| Price: $18.00
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| Corporate Investment and the Real Exchange Rate Author/Editor: Mai Chi Dao, Camelia Minoiu, Jonathan David Ostry. Release Date:August, 2017 We examine the relationship between real exchange rate depreciations and indicators of firm performance using data for a sample of more than 30,000 firms from 66 (advanced and emerging market) more...
| Price: $18.00
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| Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence Author/Editor: Mai Chi Dao, Mitali Das, Zsoka Koczan, Weicheng Lian. Release Date:July, 2017 This paper documents the downward trend in the labor share of global income since the early 1990s, as well as its heterogeneous evolution across countries, industries and worker skill groups, using a more...
| Price: $18.00
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