We investigate the impact of microcredit borrowing on the labor allocation of Rural Ethiopians using 3 waves of LSMS-ISA panel data. While microloans are often associated with moderate average effects on welfare, we show that another possible way to grasp this question is to study the...

This paper develops a two-country model of a monetary union for the purpose of, first, investigating the contribution of housing and a credit market susceptible to default in the economy and second, evaluating the interaction between housing and the ECB's asset purchase programs (APP) from 2015...

We assess how non-orthodox monetary policy of an economy with multiple currency practices impacts growth and development. The central bank employs two monetary instruments: i) adjustment of the official exchange rate and ii) adjustment of nominal monetary base growth to stabilize the economy...

We show how spending different amount of time outdoors on weekends and weekdays changes the estimates of the impact of ground level ozone on respiratory diseases and Asthma. Our focus is on the short term effect of air pollution on public health. The American Time Use Survey data are used for...

The structural model in this paper proposes a micro-founded framework that incorporates an active banking sector with an oil-producing sector. The primary goal of adding a banking sector is to examine the role of an interbank market on shocks, introduce a national development fund and study its...

The structural model in this paper proposes a micro-founded framework that incorporates an active banking sector with an oil-producing sector. The primary goal of adding a banking sector is to examine the role of an interbank market on shocks, introduce a national development fund and study its...