This policy brief deals with the link between corporate finance and growth. The discussions about structural reform in Europe, including the EUs Lisbon strategy, put a legitimate emphasis on labour and product market reforms, but often overlook the role of the financial system in fostering expansion. Thomas Philippon and Nicolas Véron analyse this gap and outline a number of possible policy responses.
Bruegel
Improving
economic policy
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About the author
Nicolas Véron
“Nicolas Véron is a senior fellow at Bruegel, in Brussels, and a visiting fellow at the Peterson Institute for International Economics, in Washington DC. His…”
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