Penn World Tables and of the World Development Indicators better estimate true income per capita. We find that revisions of …-price series in both PWT 8.0 and PWT 8.1, the two most recent vintages of the PWT. We additionally find that the World Development … Indicators are as good, and often better, measures of unobserved true income as are any recent vintages of the Penn World Tables …

attribute a substantial amount of the correlation across world property markets to the effects of changes in GNP, suggesting … segmented. While industrial, office and retail properties exist all around the world, they are not economic substitutes because … of locational specificity. In addition, the broad securitization of real estate property companies has, until recently …

aggregate income change is mixed. We analyze economic growth and fertility change in the developing world over six decades …

We document that the correlation between capital inflows and outflows has increased substantially over time in a sample … plus imports), which reduces the correlation between capital inflows and outflows. In the context of a two-country model … with 14 shocks we show that the theoretical impact of financial and trade globalization on the correlation between capital …

information-based model demonstrates that the correlation of beliefs implied by analyst forecasts leads to return correlations … broadly in line with the data, both in levels and across countries - the correlation between predicted and actual is 0.63. Our …