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A new paper from the National Bureau of Economic Research examines the use of industrial policy via the IPO market.
Scott Lincicome drew attention to this publication in a recent post.
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Lincicome has previously examined forecasts about global economic trends, noting that predictions of China overtaking the U.S. economy have faded. He also reported on large layoffs in Dayton, Ohio, that wiped out a year of job growth after tariffs did not increase demand. These observations provide context for his interest in the recent NBER paper on industrial policy and IPOs.