1

2 “... capital with respect to the quality of education is three to four times larger than for the quantity...”

3 “... countries and to some extent over time. The new measures perform well in regression analysis explaining...”

4 “... time series coverage is very poor, with time-varying core drivers of human capital such as public...”

5 “... curve reduces real-time revisions to the unemployment gap, although these still remain uncomfortably...”

6 “... productivity through the human capital channel. Productivity losses build up over time and are estimated...”

7 “... one important difference compared to other OECD economies is that the time span of macroeconomic data...”

8 “... curve reduces real-time revisions to the unemployment gap, although these still remain uncomfortably...”

9 “... up by the models. At the same time, a severe downturn triggered by such atypical events might be more...”

10 “... and probably indirectly via adverse spillover effects on business investment. Finally, at a time when the use...”