Working Papers

The main purpose of this project is to understand whether credit markets can reinforce the impacts of a shut-down of the economy, and whether fiscal policy can mitigate the propagation of shocks through financial markets into the real economy. Newly collected micro-data from Norway allows us to tackle several identification and measurement challenges by linking workers and firms to data on income, credit, balance sheets and collateral.

Stay tuned. We are still working on the papers.