This paper develops a regime-switching newkeynesian model for a small open economy, with an occasionally binding financial friction that allows for endogenous financial crises. The model has two regimes: a regime for normal economic times, in which financial market access is unconstrained, and a...

Emerging economies (EMEs) exhibit high regulatory barriers to firm entry, where the latter are associated with reduced access to formal credit markets. Reforms that reduce firm-creation costs have therefore become a key policy priority. At the same time, access to domestic credit markets can...

Emerging economies (EMEs) exhibit high regulatory barriers to firm entry, where the latter are associated with reduced access to formal credit markets. Reforms that reduce firm-creation costs have therefore become a key policy priority. At the same time, access to domestic credit markets can...

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When dealing with multiple greenhouse gases, we need some way to establish equivalence among gases. The Intergovernmental Panel on Climate Change (IPCC) has suggested the use of global warming potentials (GWPs) for making such trade-offs. We begin by examining the implications of such an...

This is a proposal for the application of discrete linear programming to the typical job shop scheduling problem -- one that involves both sequencing restrictions and also non-interference constraints for individual pieces of equipment. Thus far, no attempt has been made to establish the...

In publishing "Interindustry Economics," Hollis Chenery and Paul Clark have furnished the profession with a uniquely useful work -- both a readable textbook for the beginner, and at the same time a systematic treatise for the input-output practitioner. It is unfortunate, however, that the...