Finding good and creative research ideas is a struggle for many PhD students early in their academic career. Some will find it difficult to find the right research question for their PhD, others will stop ideating after their first idea, and some will have many ideas but do not know which one to...

The Digital Development Dialogue (3D) seminar is a monthly 45-minute online forum for policy and research exchange. Two speakers – one researcher and one practitioner – touch upon key topics in development policy with the goal of stimulating a meaningful dialogue across the theory & practice...

We introduce shocks to the availability of US dollar funding for non-US financial intermediaries in a two-country New Keynesian model with financial frictions. Such dollar shortages lead to uncovered interest rate parity deviations and have a significant negative effects on the macroeconomy....

The School, a one-day event, will take place on the day before the start of the Simposio de la Asociación Española de Economía (SAEe) in Valencia. The lectures will be given by Christopher Rauh (University of Cambridge) and Michael Weber (University of Chicago Booth School of Business on the...

This paper investigates how monetary expansion affects household consumption and savings through household debts. Using monetary policy cuts in China in the end of 2008 as an experiment, we find that the resulted increase in indebted households’ disposable income leads to increasing...

This paper develops a new class of poverty and inequality measures we call common prosperity. This measure complements existing classes of measures and allows decomposition across income sources or components of consumption expenditure. This framework enables us to study the trade-off between...

We build a tractable two-agent New Keynesian (TANK) model to jointly study four types of policy: conventional monetary policy, quantitative easing (QE), government expenditures, and lump-sum transfers. We find QE, transfers, and government spending can have the same effects on the aggregate...

SAIIA invites you to the launch of futures-orientated policy research on the emerging digital geopolitical landscape in southern Africa and Africa at large. The policy insight report unpacks digital governance approaches across the United States, China, and Europe, and their implications for...

This paper studies the association between the levels of individual trust and individual economic performance. I distinguish between generalized trust, a proxy for beliefs about others' trustworthiness, and within-firm trust, i.e. trust in firm management and trust in colleagues. Using rich...

We document the presence of significant liquidity costs in Spanish sovereign debt auctions: the larger the auctioned amounts, the lower the issuance price relative to secondary market prices. Motivated by this evidence, we characterize the optimal debt-maturity management problem of a government...