In 1991 and 2008, Israel abolished the equivalents of 1¢ and 5¢ coins, respectively, effectively eliminating low-denomination coins and introducing rounding in cash transactions. When totals were rounded up, shoppers incurred a small rounding tax. Using detailed data on price endings and...

In 1991 and 2008, Israel abolished the equivalents of 1¢ and 5¢ coins, respectively, effectively eliminating low-denomination coins and introducing rounding in cash transactions. When totals were rounded up, shoppers incurred a small rounding tax. Using detailed data on price endings and...

IEG@50: Celebrating 50 Years of Independent Evaluation at The World Bank Group is a commemorative report marking five decades of independent evaluation across the World Bank Group. The report celebrates the legacy of the Operations Evaluation Department and its transformation into the...

Credit risk is one of the most significant risks for banks, with the probability of default (PD) playing a central role in risk management. Logistic regression models are widely used to estimate PDs based on historical default data and firm characteristics. However, such models rely on...

This report replicates and extends the empirical analysis of Fry (2023), which studies the impact of the 2014 West African Ebola epidemic on the scientific productivity of researchers in Guinea, Liberia, and Sierra Leone. Using the replication package provided by the author, we exactly reproduce...