Using country- and region-level data, I investigate the effect of HIV/AIDS on fertility in Africa during 1985-2000. Results differ depending on the variation used and the estimation method. Between estimates that exploit cross-sectional variation suggest a positive significant effect of HIV/AIDS...

Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral banking linkages among twenty industrial countries in the...

Standard theory predicts that financial integration leads to a lower degree of business cycle synchronization. Surprisingly, cross-country studies find the opposite. Our contribution is to document the theoretically predicted negative effect of financial integration on business cycle...

We examine the empirical role of different explanations for the lack of flows of capital from rich to poor countries the "Lucas Paradox." The theoretical explanations include differences in fundamentals across countries and capital market imperfections. We show that during 1970-2000 low...

We examine the role of dierent explanations for the lack of flows of capital from rich to poor countries−the Lucas paradox−in an empirical framework. Broadly speaking, the theoretical explanations for this paradox include dierences in fundamentals aecting the production structure...

Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral banking linkages among twenty industrial countries in the...

We examine the role of changing mortality in explaining the rise of retirement over the course of the 20th century. We construct a model in which individuals make labor/leisure choices over their lifetimes subject to uncertainty about their date of death. In an environment in which mortality is...