“...We analyze the optimal timing of an irreversible foreign direct investment by a foreign firm and the optimal tax policy by a host country under ambiguity. We...”

“...This paper challenges the conventional view according to which disinflations in Latin America – even from low and moderate peaks – have been carried out at no...”

“...This paper aims to measure the contribution of an aging population to explain the real appreciation experienced by the Yen–US Dollar since 1980s. We develop a...”

“...In this paper, we investigate the relationship between foreign aid and growth using recently developed sample splitting methods that allow us to simultaneously...”

“...Historical national account data are often plagued by quality problems, and rivaling series imply different business cycle chronologies. This problem is...”

“...We study the convergence, or lack thereof, of total factor productivity and real gross domestic product (GDP) per worker for a pooled (cross-section,...”

“...Rebelo’s two-sector endogenous growth model is embedded within a two-country international trade framework. The two countries bargain over a trade agreement...”

“...This paper theoretically derives and empirically tests the implications of a trade theory framework with imperfect substitution of tradables for the systematic...”

“...Gains from trade come from a certain degree of specialization among trade partners. Specialization in the case of an agriculture-based developing country might...”

“...We study how monetary, exchange-rate and other institutional arrangements are associated with policy makers’ preferences for inflation stability. We argue that...”