New paper alert! 🚨 With @Juanita64738981, we review what works (and what doesn't) in public policies for private finance across 7 major intervention types. Published in Annual Review of Financial Economics. Key findings👇 (1/n)

🎌Call for Papers! 5th Conference on Finance and Productivity: ‘Corporate Finance and Productivity in Times of Geopolitical Fragmentation’ 🎌 24-25 April 2026. Tokyo🗻 Submission deadline: 30 November Submit 👉 https://t.co/2JPTNQJXkK @CompNet9 @cepr_org @koetter_michael

CfP: 5th Finance and Productivity (FINPRO) Conference - Corporate Finance and Productivity in Times of Geopolitical Fragmentation https://t.co/hWEAECTIek via @cepr_org

Priority gaps: Public lending through private banks as well as subsidized credit remain understudied. And we still don't know enough about how different policies interact with each other. Full paper: https://t.co/nrOYyVQVJS (9/9)

🔬 Bottom line: We need more rigorous evaluation (especially RCTs and quasi-experimental designs), better measurement of spillovers and long-term effects, and greater use of structural models for counterfactual analysis (8/n)

Publicly backed VC & tax incentives: Most controversial. Government-sponsored GPs often underperform private ones, though recent China evidence suggests they may foster innovation despite lower financial returns (7/n)

🏦 State banks: Can support growth & employment, especially during crises. But susceptible to political interference. 🌍 Export credit agencies: Promising evidence. EXIM Bank shutdown in US showed these can matter for exports, especially for financially constrained firms (6/n)

Strongest evidence: Credit guarantee schemes have been extensively studied with quasi-experimental methods. Generally positive effects on SME credit access, though impact on defaults varies. Microcredit: lots of RCTs, showing limited impact on profits/income (5/n)

Beware the downsides. Fiscal costs, distorted incentives, and crowding out private finance are real risks, as credit guarantees during COVID-19 have shown, for example (4/n)

Well-designed policies *can* alleviate financial constraints and promote firm growth, especially for SMEs. But effectiveness is highly context-dependent. One-size-fits-all approaches don't work (3/n)

We assess state banks, development banks, public lending through private banks, subsidized credit, credit guarantees, export credit agencies, publicly backed VC, and tax incentives for equity investors. The evidence? Mixed but increasingly rigorous (2/n)

🚨 Deadline is TODAY — November 16, 2025 🚨 Submit now to the 2026 WEFIDEV – RFS – CEPR Conference, hosted by Kellogg School of Management (Northwestern University), April 18–19, 2026. Link: https://t.co/HrYwnotMpf Why submit? High impact & visibility with a dual submission

We are hiring a 2-year postdoc at UNSW (Sydney)!!! Come work with us on masculinity norms! @ralphdehaas @VictoriaBaranov Pauline Grosjean Great environment, city, and colleagues! Apply here:

📢Call for papers! We are organising 7th Workshop on the Economics and Politics of Migration on 28-29 May 2026, in Rome! Keynotes: Paolo Pinotti (Bocconi University) and Vicky Fouka (Stanford University). Submit your papers before January 23, 2026: https://t.co/CRBWfPTo4p

New at JIE: "Trade policy uncertainty and innovation: Evidence from China" by Federica Coelli (@federicacoelli) https://t.co/Bfr2xFaSgM

The @Columbia New Thinking in Industrial Policy Conference is coming up Nov. 6-7. We have a great program lined up: https://t.co/StMOzkd0Td Conference page: https://t.co/5EoxlzHSCc Registration: https://t.co/XqPWHprmxQ Please register by Oct. 30.

O que era quase palavrão para economistas mainstream até pouco tempo, Política Industrial, agora com pesquisa de ponta de gente muito boa https://t.co/8mhs6Qxk0g

📢New working paper: "Masculinity Norms and Their Economic Consequences" w/ Pauline Grosjean, @iedarm, @VictoriaBaranov. We review the literature on how masculinity norms - the informal rules guiding men's behavior - shape economic outcomes in health, labor markets & politics. 🧵

🚨New Working Paper🚨 Does granting migrants legal status reduce labor exploitation? We show that Spain’s 2005 amnesty for undocumented migrants cut heat-related hospitalizations among workers — evidence that regularization improves worker safety and resilience to extreme heat.

CfP: 5th Finance and Productivity (FINPRO) Conference - Corporate Finance and Productivity in Times of Geopolitical Fragmentation https://t.co/hWEAECTIek via @cepr_org