How did COVID-19 affect entrepreneurship and the creation of new businesses? Christoph Albert, Andrea Caggese, Beatriz González, and Victor Martin-Sanchez study the impact of the pandemic and the subsequent recession on new businesses’ dynamics using survey data for Spain.
Javier Gil-Bazo and Juan F. Imbet explore persuasion in social media by asset management firms. They focus on the mutual fund families that manage domestic equity funds in the U.S. to investigate whether the firms use social media to attract investors’ money.
Governments around the world purchase goods and services from private firms by awarding public procurement contracts. This is likely one of the main channels through which public goods are supplied to the economy and an important source of potential revenues for firms. However, little has been written thus far on the subject.
Frédéric Boissay, Fabrice Collard, Jordi Galí, and Cristina Manea study whether the central bank should deviate from its traditional price stability objective to promote financial soundness, using a New Keynesian model augmented with capital accumulation and allowing for microfounded endogenous financial crises.
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