, debt indexation and household and firm leverage in the propagation mechanism. Finally, I find that monetary policy should not target asset prices as a means of reducing output and inflation volatility.

With unemployment at historically high levels in many OECD countries, increased job creation has risen to the top of the policy agenda for many western governments-but how can this be achieved? The importance of job creation (and destruction) in an economy cannot be overstated. Labour is organized

the notion of a protection domain from that of a resource principal. Resource containers enable fine-grained resource management in server systems and allow the development of robust servers, with simple and firm control over priority policies. 1

for this state of affairs is that existing theories of work The authors express great appreciation to members of the consulting firm that helped us gain access to the organizations where this research was conducted; to Kenneth Brousseau, Daniel Feldman, and Linda Frank for assistance in data collection

I analyze financing policies in a firm owned by atomistic shareholders who observe neither cash flows nor management’s investment decisions. Management derives perquisites from investment and invests as much as possible. Since it always claims that cash flow is too low to fund all positive net

Much of the prior research on interorganizational learning has focused on the role of absorptive capacity, a firm’s ability to value, assimilate, and utilize new external knowledge. However, this definition of the construct suggests that a firm has an equal capacity to learn from all other

for their potential usefulness for research and policy analysis on critical issues in developing and transition economies. Some are drawn from micro-level firm or household surveys; others contain country-level data. The authors describe the data contents, criteria for inclusion or exclusion of values, sources

This paper examines the impact venture capital can have on the development of new firms. Using a hand-collected data set on Silicon Valley start-ups, we find that venture capital is related to a variety of professionalization measures, such as human resource policies, the adoption of stock option

. The absence of such spikes in the escape rate from unemployment for nonrecipients strongly suggests that the potential duration of UI benefits affects firm recall policies and workers' willingness to start new jobs. The second part of our empirical work uses accurate administrative data to examine

the plethora of market declines, liquidity dry-ups, defaults, and bailouts that occurred after the crisis broke in summer 2007. To understand these threads, it is useful to recall some key factors leading up to the housing bubble. The U.S. economy was experiencing a low interest rate environment, both because