This paper reviews the Funds Trade Restrictiveness Index (IMF-TRI). It has three parts. The �rst part describes what the IMF-TRI is and the data needed to computeit. This part also traces the history of usage and the debate on the use of the IMF-TRI within the fund. It draws on internal Fund...

This paper presents simple measures of individual and family mental health indices based on axiomatic foundations and integrates mental health into a neoclassical model that allows for proper substitution possibilities in the family preferences and quantifies its significance in family utility....

Using primary household data from India we estimate family utility function parameters that measure the relative importance of consumption, schooling of children and health (both physical and mental) and find that mental health is far more important than consumption or children’s schooling in...

In their attempts to become more open, policy makers can, with the best of intentions, adopt policies that have unforeseen and often undesirable side effects. Australia, New Zealand and Colombia in 1980s and 90s, attempted a gradual phase out of quantitative restrictions by converting quotas to...

We develop a model of household demand for frequently purchased consumer goods that are branded, storable and subject to stochastic price fluctuations. Our framework accounts for how inventories and expectations of future prices affect current period purchase decisions. We estimate our model...

CHAPTER 1: The Great Russian Devaluation and Labor DemandDoes a greater degree of integration into world markets lead to a more elastic demand for labor? Often referred to as the Rodrik hypothesis, this question, despite being important from both theoretical and applied policy standpoints, is...

The first chapter, Trasferability of Migration Licenses and the Distribution of Potential Rents,compares the effects of migration restrictions using licenses which are freelytraded to those that occur when licenses are allocated tofirms who are not permitted to trade them. Both domestic and...

CHAPTER 1 (with Joris Pinkse, Margaret Slade, and John Van Reenen): Spillovers in Space: Does Geography Matter?We simultaneously assess the contributions to productivity of three sources of research and development spillovers: geographic, technology and product--market proximity. To do this, we...

CHAPTER 1: Income Distribution, Market Structure, and Individual WelfareThis essay proposes a new insight on how income distribution influences market structure and affects the economic well-being of different groups. It shows that inequality may be good for the poor via a trickle-down effect...

CHAPTER 1: Productivity Improvements and Falling Trade Costs: Boon or Bane?This essay looks at two features of globalization, namely, productivity improvements and falling trade costs, and explores their effect on welfare in a monopolistic competition model with heterogeneous firms and...