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of the World (ROW) is developed to quantify capital controls and evaluate their impact on the world economy. We find … these controls had large effects. Counterfactual analysis show world output would have been 0:5 percent higher had there …
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things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this …
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Throughout the world, population aging is a major challenge that will continue well into the 21st century. While the …-country overlapping generations model and combine it with long-term demographic projections for several world regions over a 50 year … rest of the world will be substantial. Closed-economy models of pension reform are likely to miss quantitatively important …
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the world. In this paper, we show that a small set of fundamentals--shifts in relative output levels, the stock of public …
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We examine the evidence of contagion during the pre World War I era and the interwar and contrast our findings with the …
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This paper develops and implements a framework for quantifying the gains to international trade in risky financial assets. The framework can handle may agents, many assets, incomplete markets and limited participation in asset markets. It delivers closed-form analytic solutions for consumption,...
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