Showing 1 - 10 of 433
present a model of demonetization where agents hold cash both to satisfy a cash-in-advance constraint and for tax evasion …We analyze a unique episode in the history of monetary economics, the 2016 Indian "demonetization." This policy made 86 …% of cash in circulation illegal tender overnight, with new notes gradually introduced over the next several months. We …
Persistent link: https://www.econbiz.de/10012481018
This paper studies the impact of female property rights on male and female suicide rates in India. Using state level … conjecture that increasing female property rights increased conflict within household and this increased conflict resulted in … more suicides among both men and women in India. Using individual level data on domestic violence we find evidence that …
Persistent link: https://www.econbiz.de/10012458686
We develop a measure of a regime's tolerance for an action by its citizens. We ground our measure in an economic model and apply it to the setting of political protest. In the model, a regime anticipating a protest can take a costly action to repress it. We define the regime's tolerance as the...
Persistent link: https://www.econbiz.de/10013334386
-degenerate higher-order beliefs) can lead to conflict and drive its dynamics. We develop our analysis in the context of three classic … learning about the opponent's type, as well as the possibility of conflict spirals, traps, and cycles; and a deterrence model …. We relate these models to the empirical literature and to current and historical episodes of conflict …
Persistent link: https://www.econbiz.de/10014372438
, and lead agents to become risk-loving. Using experimental cash grants involving a choice between a safer, low payoff and a …
Persistent link: https://www.econbiz.de/10012938742
In response to the Covid-19 crisis, 186 countries implemented direct cash transfers to households, and 181 introduced … in-kind programs that lowered the cost of utilities such as electricity, water, transport, and mobile money. Do cash or … line with economic theory favoring direct cash transfers, in a randomized experiment in Kenya 95% of urban recipients …
Persistent link: https://www.econbiz.de/10012599376
It is difficult for private agents to produce money that circulates at par with no questions asked. We study two cases of privately-produced money: pre-Civil War U.S. private banknotes and modern stablecoins. Private monies are introduced when there are no better alternatives, but they initially...
Persistent link: https://www.econbiz.de/10012814485
The 2020 CARES Act directed large cash payments to households. We analyze house-holds' spending responses using high …
Persistent link: https://www.econbiz.de/10012481681
receive wages in cash, with a subset also receiving an account without automatic wage payments. We find that exposure to …
Persistent link: https://www.econbiz.de/10012482467
We assess long-term impacts of the Mexican conditional cash transfer (CCT) program on youth employment and earnings. We …
Persistent link: https://www.econbiz.de/10012453466