Christiansen, Lone Engbo, Lin, Huidan, Pereira, Joana, Topalova, Petia, Turk,  Rima, (2016), “Gender Diversity in Senior Positions and Firm Performance : Evidence from Europe “, IMF Working Papers:2016/50Series, March This paper examines the link between gender diversity in senior corporate positions and financial performance of 2 million companies in Europe. We document a positive association between corporate return on assets and the share of women in senior positions and establish …Read More

Kotia, Ananya ,Duarte Lledo, Victor, (2016), “Do Subnational Fiscal Rules Foster Fiscal Discipline? New Empirical Evidence from Europe”, IMF WP/16/84, April This paper studies how fiscal rules interact with the intergovernmental fiscal framework to foster fiscal discipline among European subnational governments. We use political variables describing the fiscal attitudes of the central government as instruments to obtain consistent estimates of the impact of subnational fiscal rules on fiscal balances. The results suggest that …Read More

Fratzscher, Marcel, Gropp, Reint , Kotz, Hans-Helmut, Krahnen, Jan , Odendahl, Christian, Weder Di Mauro, Beatrice,  Wolff, Guntram B., (2016), “Mere criticism of the ECB is no solution”, Bruegel, 10 April The eurozone remains in a deep, largely macro-economic crisis. A robust global economy and falling oil prices have supported Europe’s economy for some time, but by now it is clear that the eurozone will only be able to pull itself …Read More

Card, David , Cardoso, Ana Rute, Heining, Joerg, Kline, Patrick, (2016), “Firms and Labor Market Inequality: Evidence and Some Theory”, IZA Discussion Paper No. 9850, March 2016 We review the literature on firm-level drivers of labor market inequality. There is strong evidence from a variety of fields that standard measures of productivity – like output per worker or total factor productivity – vary substantially across firms, even within narrowlydefined industries. Several recent studies …Read More