Informal payments are a frequently overlooked source of local public finance in developing countries. We use microdata from ten countries…
This paper talks about the unique institutional innovations microfinance has experienced in the last three decades - from the entry of new…
Mitigating the Potential Inequity of Reducing Corporate Rates. Daniel Halperin, July 29, 2009, Paper. "Since the statutory marginal U.…
Many studies have replicated the finding that the forward rate is a biased predictor of the future change in the spot exchange rate.…
The inability to see the advantages of close state-business relations is the blind spot of modern economic liberalism. Just look at how the…
This article describes a multidisciplinary study of market-based policies for controlling air pollution in China. While previous studies…
Optimal Taxation in Theory and Practice. N. Gregory Mankiw, Matthew Weinzierl, Danny Yagan, June 2009, Paper. "We highlight and…
Economic Catastrophe Bonds. Joshua D. Coval, Erik Stafford, June 2009, Paper. "The central insight of asset pricing is that a…
It may take a few months or a couple of years, but one way or another the United States and other advanced economies will eventually…