Similar Search Results

Identifying the Cost of a Public Health Success : Arsenic Well Water Contamination and Productivity in Bangladesh

Pitt, Mark Martin - 2015

incorporating optimizing behavior to uncover the hidden costs of arsenic poisoning in Bangladesh. We provide for the first time … capabilities as well as on the schooling attainment, occupational structure, entrepreneurship and incomes of the rural Bangladesh … of rural households in Bangladesh who are participants in a long-term panel survey following respondents and their …

Persistent link: https://www.econbiz.de/10013011455

Exchange Rates as Nominal Anchors

Edwards, Sebastian - 2021

This paper discusses the use of nominal exchange rates as nominal anchors in stabilization programs. The first part deals with the dynamics of inflation in highly indexed economies. It is shown that credible exchange rate anchors will reduce the degree of inflationary inertia. However, if some...

Persistent link: https://www.econbiz.de/10013216865

Exchange Controls, Capital Controls, and International Financial Markets

Stockman, Alan C.; Hernandez D., Alejandro - 2021

This paper examines the effects of restrictions on international financial markets. We analyze a general equilibrium, rational expectations model of a two-country world in which well-functioning international financial markets premit trade in all state-contingent securities except insofar as...

Persistent link: https://www.econbiz.de/10013232761

Exchange Controls, Devaluations and Real Exchange Rates : the Latin American Experience

Edwards, Sebastian - 2021

This paper deals with the anatomy of devaluation in Latin America. In an effort to understand the economics surrounding the causes and consequences of exchange rate crises, eighteen devaluation episodes that took place between 1962 and 1982 are investigated in detail. The paper focuses on: (1)...

Persistent link: https://www.econbiz.de/10013225415

Preemptive Policies and Risk-Off Shocks in Emerging Markets

Das, Mitali; Gopinath, Gita; Kalemli-Ozcan, Sebnem - 2023

We show that “preemptive” capital flow management measures (CFM) can reduce emerging markets and developing countries' (EMDE) external finance premia during risk-off shocks, especially for vulnerable countries. Using a panel dataset of 56 EMDEs during 1996-2020 at monthly frequency, we...

Persistent link: https://www.econbiz.de/10014348303

Capital Markets Integration, Volatility and Persistence

Aizenman, Joshua - 2008

This paper shows that volatility induces adverse first order welfare effects in countries excluded from the global capital market. This result is illustrated in a model characterized by gains from a greater division of activities, where shocks are persistent. We show that non-linearities...

Persistent link: https://www.econbiz.de/10012774994

Rare Disasters, Asset Prices, and Welfare Costs

Barro, Robert J. - 2007

A representative-consumer model with Epstein-Zin-Weil preferences and i.i.d. shocks, including rare disasters, accords with key asset-pricing observations. If the coefficient of relative risk aversion equals 3-4, the model accords with observed equity premia and risk-free real interest rates. If...

Persistent link: https://www.econbiz.de/10012775474

Two Reasons Why Money and Credit May Be Useful in Monetary Policy

Christiano, Lawrence J. - 2007

We describe two examples which illustrate in different ways how money and credit may be useful in the conduct of monetary policy. Our first example shows how monitoring money and credit can help anchor private sector expectations about inflation. Our second example shows that a monetary policy...

Persistent link: https://www.econbiz.de/10012775800

On the Welfare Costs of Consumption Uncertainty

Barro, Robert J. - 2007

Satisfactory calculations of the welfare cost of aggregate consumption uncertainty require a framework that replicates major features of asset prices and returns, such as the high equity premium and low risk-free rate. A Lucas-tree model with rare but large disasters is such a framework. In a...

Persistent link: https://www.econbiz.de/10012778120

The Cost of Privacy : Welfare Effects of the Disclosure of Covid-19 Cases

Argente, David - 2020

South Korea publicly disclosed detailed location information of individuals that tested positive for COVID-19. We quantify the effect of public disclosure on the transmission of the virus and economic losses in Seoul. The change in commuting patterns due to public disclosure lowers the number of...

Persistent link: https://www.econbiz.de/10012833121