Why are some peoples still poor? Recent research suggests the possibility that some societies may be poor due to their genetic endowments, which are found to be a significant predictor of development even after controlling for an ostensibly exhaustive list of geographic and cultural variables....

Why are some peoples still poor? Recent research suggests the possibility that some societies may be poor due to their genetic endowments, which are found to be a significant predictor of development even after controlling for an ostensibly exhaustive list of geographic and cultural variables....

Why are some peoples still poor? Recent research suggests that some societies may be poor due to their genetic endowments, which have been found to be a significant predictor of development even after controlling for an ostensibly exhaustive list of geographic and cultural variables. We find, by...

Commonly used trade-weighted real exchange rate indices are computed as indices-of-indices, and thus do not adequately account for growth in trade with developing countries. Weighted Average Relative Price (WARP) indices solve this problem but do not control for productivity differences, as...

Why are some peoples still poor? Recent research suggests that a society’s “genetic distance”—a measure of the time elapsed since two populations had common ancestry—to the United States is a significant predictor of development even after controlling for an ostensibly exhaustive list...

The massive stocks of foreign exchange reserves, mostly held in the form of U.S. T-Bonds by emerging economies, are still an important puzzle. Why do emerging economies continue to willingly loan to the United States despite the low rates of return? We propose that a dynamic general equilibrium...

The massive stocks of foreign exchange reserves, mostly held in the form of U.S. T-Bonds by emerging economies, are still an important puzzle. Why do emerging economies continue to willingly loan to the United States despite the low rates of return? We propose that a dynamic general equilibrium...