In 2005, the Indian Government launched a conditional cash-incentive program to en- courage institutional delivery. This paper studies the eects of the program on neonatal mortality using district-level household survey data. We model mortality using survival analysis, paying special attention...

The specification of an optimizing model of the monetary transmission mechanism requires selecting a policy regime, commonly commitment or discretion. In this paper we propose a new procedure for testing optimal monetary policy, relying on moment inequalities that nest commitment and discretion...