Are Bank Capital Ratios Pro-Cyclical? New Evidence and Perspectives

Michael Brei (Université Paris Ouest)
Leonardo Gambacorta (Bank for International Settlements)

A Surplus of Ambition: Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?

Barry Eichengreen (University of California, Berkeley)
Ugo Panizza (The Graduate Institute, Geneva)

Monnet’s Error?

Luigi Guiso (Einaudi Institute for Economics and Finance)
Paola Sapienza (Kellogg School of Management, Northwestern University)
Luigi Zingales (University of Chicago Booth School of Business)

Immigration, Public Opinion and the Recession in Europe

Timothy J Hatton (University of Essex and Australian National University)

The Turnaround of Swedish Industry: Reforms, Firm Diversity and Job and Productivity Dynamics

Fredrik Heyman (Research Institute for Industrial Economics, Stockholm)
Pehr-Johan Norbäck (Research Institute for Industrial Economics, Stockholm)
Lars Persson (Research Institute for Industrial Economics, Stockholm)

The Great Mortgaging: Housing Finance, Crises and Business Cycles

Oscar Jorda (Federal Reserve Bank of San Francisco)
Moritz Schularick (University of Bonn)
Alan M. Taylor (University of California, Davis)

The Rise and Fall of European Current Account Deficits

Joong Shik Kang (IMF)
Jay C. Shambaugh (George Washington University)

Bank Bias in Europe: Effects on Systemic Risk and Growth

Sam Langfield (European Central Bank)
Marco Pagano (University of Naples Federico II)