Private equity (PE) has moved rapidly into professional services, yet its impact on accounting, where licensing regimes, reputational capital, and partnership governance traditionally limit external ...

The Istanbul Convention is an international treaty aimed at protecting women against violence. We employ survey datasets and investigate its effect on attitudes toward violence against women in Europe ...

We document that the recent decline in aggregate volatility has been accompanied by a large increase in firm level risk. The negative relationship between firm and aggregate risk seems to be present ...

U.S. and European banking institutions were hit by a wave of distress in March 2023. Policymakers on both sides of the Atlantic reacted with an array of interventions, some targeting individual ...

Recent years have seen the development of a large literature on balance sheet factors in emerging-market financial crises. In this paper we discuss three concepts widely used in this literature. Two ...

This paper estimates the long-term effects of the global recession of 2008-2009 on output in 23 countries. I measure these effects by comparing current estimates of potential output from the OECD and ...

This paper investigates whether preschool children exposed to Sesame Street when it began in 1969 experienced improved educational and labor market outcomes subsequently. We exploit geographic ...