Bank Credit And Business Networks
We construct the topology of business networks across the population of firms in an emerging economy, Pakistan, and estimate the value that membership in large yet diffuse networks brings in terms of
Research
How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?
Book abstract: The next two decades will mark a new phase in the demographic transition of the United States as baby boomers become eligible for Social Security and Medicare.
Hooray for Nation States
How many times have we heard that the nation state is passé?
How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical?
Fiscal and monetary policy each has a role to play in mitigating the volatility that stems from the large trade shocks hitting commodity-exporting countries.
A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries
American fiscal policy has been procyclical: Washington wasted the expansion period 2001-2007 by running budget deficits, but by 2011 had come to feel constrained by inherited debt to withdraw fiscal
Social Impact Bonds
Current approaches to government funding of social services create significant barriers to innovation.
A Solution to Overoptimistic Forecasts and Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile
Historically, many countries have suffered a pattern of procyclical fiscal policy: spending too much in booms and then forced to cut back in recessions, thereby exacerbating the business cycle.
Monetary Policy in Emerging Markets, Vol. 3B
Book abstract: How have monetary policies matured during the last decade? The recent downturn in economies worldwide have put monetary policies in a new spotlight.
Are Bilateral Remittances Countercyclical?
By putting together a relatively large data set on bilateral remittances of emigrants, this paper is able to shed light on the important hypothesis of smoothing.
Hooray For Nation States
How many times have we heard that the nation state is passé?
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