We provide a model of rational bubbles in a DNK framework. Entrepreneurs are heterogeneous in investment efficiency and face credit constraints. They can trade bubble assets to raise their net worth. The bubble assets command a liquidity premium and can have a positive value. Monetary policy affects the conditions for the existence of a bubble, its steady-state size, and its dynamics including ...

This paper studies loan activity in a context where banks have to follow Basel Accord type rules and need to find financing with the households. Loan activity typically decreases when investment returns of entrepreneurs decline, and we study which type of policy could revigorate an economy in a trough. We find that active monetary policy increases loan volume even when the economy is in a good ...

Interest in the role of entrepreneurial entry in innovation raises the question about the extent to which tax policy encourages or discourages entry. We find that, while the level of the marginal tax rate has a negative effect on entrepreneurial entry, the progressivity of the tax also discourages entrepreneurship, and signiiicantly so for some groups of households. These effects are traceable ...

The Aspen Network of Development Entrepreneurs (ANDE) The Aspen Network of Development Entrepreneurs (ANDE) is a global network of organizations that propel entrepreneurship in emerging markets. ANDE members provide critical financial, educational, and business support services to small and growing businesses (SGBs) based on the conviction that SGBs will create jobs, stimulate long-term economi...

Abstract Policy windows emerge through alignment among specific policy problems, political forces, and proposed responses. During windows, it becomes possible for change to occur, driven by the agenda-setting of entrepreneurs. We consider how coronavirus disease (COVID-19) created a significant window. As we do so, seek advance theorization conditions under which occurs when sticks. ground this...

As the privatisation of public sector has grown rapidly in Sweden last decade, private companies have become an imperative part education. Private sell and deliver consultancy, hardware, software, services, etc. to schools municipalities. This study examines a growing rate activities from businesses working within sectors. It also consequences cooperation between actors. Findings show that mult...

This article examines the role of policy entrepreneurs in promoting change flood risk mitigation at local level Sweden through a comparative study two Swedish municipalities with different approaches to governance; as technical issue or social issue. The municipality which is addressed exhibits larger size network mitigating risk, more diverse actors involved, and central location politicians s...