China Weathered the Global Recession with an Aggressive Stimulus Package. But Did It Prop Up the Wrong Firms?
A cautionary tale about the unintended consequences of credit expansion.
Researchers: Lin William Cong, Haoyu Gao, Jacopo Ponticelli and Xiaoguang Yang
August 1, 2019
As Brazil’s farms became more efficient, workers shifted to manufacturing.
Researchers: Paula Bustos, Bruno Caprettini, Jacopo Ponticelli and Gabriel Garber
June 4, 2018