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What Do We Know about Microfinance at Macro Glance?

Alimukhamedova, Nargiza; Hanousek, Jan - C.E.P.R. Discussion Papers - 2015

The majority of microfinance impact studies focus on finding their effect on a specific group of beneficiaries, in …-term evidence of a significant ability of microfinance to affect broader economies. Moreover, the impact and dynamics differ … substantially by macro-institutional environment; the microfinance effect is more pronounced in weaker environments. …

Persistent link: https://www.econbiz.de/10011201355

Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment

Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2007

Information asymmetries are important in theory but difficult to identify in practice. We estimate the presence and importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major...

Persistent link: https://www.econbiz.de/10005497798

Improving Access to Banking: Evidence from Kenya

Allen, Franklin; Carletti, Elena; Cull, Robert; Qian, Jun; … - C.E.P.R. Discussion Papers - 2014

impact of Equity Bank—a leading private commercial bank focusing on microfinance—on the access to banking in Kenya. Unlike …

Persistent link: https://www.econbiz.de/10011084293

Real-Time Model Uncertainty in the United States: the Fed from 1996-2003

Ironside, Brian; Tetlow, Robert J. - C.E.P.R. Discussion Papers - 2005

We study 30 vintages of FRB/US, the principal macro model used by the Federal Reserve Board staff for forecasting and policy analysis. To do this, we exploit archives of the model code, coefficients, baseline databases and stochastic shock sets stored after each FOMC meeting from the model’s...

Persistent link: https://www.econbiz.de/10005662266

Credit Elasticities in Less-Developed Economies: Implications for Microfinance

Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2007

Policymakers often prescribe that microfinance institutions increase interest rates to eliminate reliance on subsidies …

Persistent link: https://www.econbiz.de/10005504442

Expanding Microenterprise Credit Access: Using Randomized Supply Decisions to Estimate the Impacts in Manila

Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2009

Microcredit seeks to promote business growth and improve well-being by expanding access to credit. We use a field experiment and follow-up survey to measure impacts of a credit expansion for microentrepreneurs in Manila. The effects are diffuse, heterogeneous, and surprising. Although there is...

Persistent link: https://www.econbiz.de/10005048547

Expanding Credit Access: Using Randomized Supply Decisions to Estimate the Impacts

Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2007

Expanding credit access is a key ingredient of development strategies worldwide. Microfinance practitioners … expansion. There is less consensus on the role of consumer credit in expansion initiatives. Some microfinance institutions are …

Persistent link: https://www.econbiz.de/10005114273

Subjective and Objective Indicators of Racial Progress

Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2013

racial gaps such as those in income, employment, and education. Much of the current racial gap in well-being can be explained …

Persistent link: https://www.econbiz.de/10011084479

The Paradox of Declining Female Happiness

Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2009

By many objective measures the lives of women in the United States have improved over the past 35 years, yet we show that measures of subjective well-being indicate that women’s happiness has declined both absolutely and relative to men. The paradox of women’s declining relative well-being...

Persistent link: https://www.econbiz.de/10005036241

Contractual Democracy

Gersbach, Hans - C.E.P.R. Discussion Papers - 2008

Although they would yield social benefits, some political projects may not be implemented in democracies. Prominent examples are the reform of European labour markets, the reduction of government debt or the reduction of greenhouse gases. We suggest introducing political contracts to make...

Persistent link: https://www.econbiz.de/10005656254