In the first step, we specify the following fixed effects panel model:
Mark up...tests
indicate a potential issue with endogeneity, which confirms our choice of a...
subsidiary (based on the combined bank-fixed
effects regressions in the lower panel...at the minimum distance (based on the bank-fixed effects regression in the top...
The public debt dynamics in the bottom-right panel of Figure 4 shows that on impact...are reported as percent changes from pre-crisis steady state except the lower...
The public debt dynamics in the bottom-right panel of Figure 4 shows that on impact...are reported as percent changes from pre-crisis steady state except the lower...
