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Pitfalls in Estimating Asymmetric Effects of Energy Price Shocks

Kilian, Lutz; Vigfusson, Robert J. - C.E.P.R. Discussion Papers - 2009

A common view in the literature is that the effect of energy price shocks on macroeconomic aggregates is asymmetric in energy price increases and decreases. We show that widely used asymmetric vector autoregressive models of the transmission of energy price shocks are misspecified, resulting in...

Persistent link: https://www.econbiz.de/10005000442

Understanding Exchange Rate Volatility Without the Contrivance of Macroeconomics

Flood, Robert P; Rose, Andrew K - C.E.P.R. Discussion Papers - 1998

Exchange rate regimes differ primarily by the activity of the exchange rate, not observable macroeconomic ‘fundamentals’. Fixed exchange rates are typically stable and floating exchange rates are volatile, but macro phenomena are regime-independent. Fundamentals only seem to be relevant for...

Persistent link: https://www.econbiz.de/10005788957

Education, HIV, and Early Fertility: Experimental Evidence from Kenya

Duflo, Esther; Dupas, Pascaline; Kremer, Michael - C.E.P.R. Discussion Papers - 2015

A seven-year randomized evaluation suggests education subsidies reduce adolescent girls’ dropout, pregnancy, and marriage but not sexually transmitted infection (STI). The government’s HIV curriculum, which stresses abstinence until marriage, does not reduce pregnancy or STI. Both programs...

Persistent link: https://www.econbiz.de/10011145417

Motivating Knowledge Agents: Can Incentive Pay Overcome Social Distance?

Berg, Erlend; Ghatak, Maitreesh; Manjula, R; Rajasekhar, D - C.E.P.R. Discussion Papers - 2013

This paper studies the interaction of incentive pay and social distance in the dissemination of information. We analyse theoretically as well as empirically the effect of incentive pay when agents have pro-social objectives, but also preferences over dealing with one social group relative to...

Persistent link: https://www.econbiz.de/10011145477

Happiness on Tap: Piped Water Adoption in Urban Morocco

Devoto, Florencia; Duflo, Esther; Dupas, Pascaline; … - C.E.P.R. Discussion Papers - 2011

We study the demand for household water connections in urban Morocco, and the effect of such connections on household … subset was offered a simplified procedure to purchase a household connection on credit (at a zero percent interest rate … located fairly close to their homes), household connections did not lead to any improvement in the quality of the water …

Persistent link: https://www.econbiz.de/10008915808

How have Europeans Grown so Tall?

Hatton, Timothy J. - C.E.P.R. Discussion Papers - 2011

Increases in human stature are seen as a key indicator of improvement in the average health of populations. The literature associates stature with a variety of socioeconomic variables, and much of the focus is on the nineteenth century and on the last 50 years. In this paper I present and...

Persistent link: https://www.econbiz.de/10009207528

Aid and Agency in Africa: Explaining Food Disbursements Across Ethiopian Households, 1994-2004

Broussard, Nzinga H; Dercon, Stefan; Somanathan, Rohini - C.E.P.R. Discussion Papers - 2012

We study the distribution of food aid in Ethiopia between 1994 and 2004 using data from the Ethiopian Rural Household … periodic monitoring. We use a principal-agent model and household panel data for approximately 940 households to understand …

Persistent link: https://www.econbiz.de/10011083819

Long Term Impacts of Compensatory Preschool on Health and Behavior: Evidence from Head Start

Carneiro, Pedro; Ginja, Rita - C.E.P.R. Discussion Papers - 2012

This paper provides new estimates of the medium and long-term impacts of Head Start on the health and behavioral problems of its participants. We identify these impacts using discontinuities in the probability of participation induced by program eligibility rules. Our strategy allows us to...

Persistent link: https://www.econbiz.de/10011084092

Early Child Care and Child Development: For Whom it Works and Why

Felfe, Christina; Lalive, Rafael - C.E.P.R. Discussion Papers - 2013

Many countries are currently expanding access to child care for young children. But are all children equally likely to benefit from such expansions? We address this question by adopting a marginal treatment effects framework. We study the West German setting where high quality center-based care...

Persistent link: https://www.econbiz.de/10011084235

Repayment incentives and the distribution of gains from group lending

Baland, Jean-Marie; Somanathan, Rohini; Wahhaj, Zaki - C.E.P.R. Discussion Papers - 2011

Group loans with joint liability have been a distinguishing feature of many microfinance programs. While such lending has benefitted millions of borrowers, major lending institutions have acknowledged their limited impact among the very poor and have recently favored individual contracts. This...

Persistent link: https://www.econbiz.de/10008854489

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