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Economic Research Working Paper 9904
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Total factor productivity (TFP) falls markedly during financial crises, as we document with recent evidence from Mexico … neoclassical model. We show in the case of Mexico’s 1994-95 crisis that the model predicts that inputs and output should have …
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We examine the effects of foreign currency-indexed debt upon inflationary expectations in Brazil and Mexico …
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Illegal immigration and border enforcement in the United States have increased concomitantly for over thirty years. One interpretation is that U.S. border policies have been ineffective. We offer an alternative view, extending the current immigration-enforcement literature by incorporating both...
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