Leverhulme Research Grant awarded

30 January 2023

Lars Nesheim (CeMMAP), Alessia Testa (IFS and Portsmouth), and Peter Levell (IFS) won a Leverhulme Research Grant to fund the project “Integrating  Corporate Finance into Macroeconomics: Theory and Empirics.”

This three year grant will fund theoretical and empirical research to understand how financial distress and default can propagate across multiple sectors, impact capital formation, and affect productivity growth.  The research will use large-scale microdata from national accounts, business surveys and administrative sources.