The paper discusses exchange rate overshooting in connection with foreign exchange intervention.

The paper examines the hypothesis that the nominal exchange rate follows a logistic equation within the framework of the equilibrium exchange rate model.

Jordan [2006] defined ‘pillage games’, a class of cooperative games whose dominance operator represents a ‘power function’ constrained by monotonicity axioms. In this environment, he proved that stable sets must be finite. We bound their cardinality above by a Ramsey number and show this...

We analyze the impact of prosecutor elections on case backlogs. Previous evidence has shown that re-election pressures result in more cases going to trial. Since trials require time and resources, one can expect an effect on the queue. Two competing theories are developed: one of signalling...

This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a new understanding of the relationship between theoretical and applied work. Drawing on an analysis of John Bates Clark medal winners, it is suggested that the discipline became more...

This paper investigates whether broadband facilitates migration flows from OECD to OECD countries, as well as non-OECD to OECD countries. The selection of both OECD and non-OECD origin countries are based on the magnitude of the flows, examining those with a minimum rate of 0.1 (10 per 1,000...

The Factor-augmented Error Correction Model (FECM) generalizes the factor-augmented VAR (FAVAR) and the Error Correction Model (ECM), combining error-correction, cointegration and dynamic factor models. It uses a larger set of variables compared to the ECM and incorporates the long-run...

Spurious regression analysis in panel data when the time series are cross-section dependent is analyzed in the paper. We show that consistent estimation of the long-run average parameter is possible once we control for cross-section dependence using cross-section averages in the spirit of the...

NREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme) is the Indian government's flagship anti-poverty program and is one of the largest public works programmes in the world which aims to increase employment opportunities for the poor and in particular, improve women's access to the...

This paper uses the staggered implementation of a legal change in inheritance law in India to estimate the effect of women's improved access to inheritance on both police-reported and self-reported violence against women. I find a decrease in reported violence and female unnatural deaths...