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Estimating the Impact of Microcredit on Those Who Take It Up : Evidence from a Randomized Experiment in Morocco
Crépon, Bruno - 2014
Morocco starting in 2006 by Al Amana, the country's largest microfinance institution. Al Amana was the only MFI operating in …
Persistent link: https://www.econbiz.de/10012458520
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Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and Inequality
Dabla-Norris, Era - 2015
We develop a micro-founded general equilibrium model with heterogeneous agents and three dimensions of financial inclusion: access (determined by a participation cost), depth (determined by a borrowing constraint), and intermediation efficiency (determined by a monitoring cost). We find that the...
Persistent link: https://www.econbiz.de/10012457845
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Estimating the Effects of Political Pressure on the Fed : A Narrative Approach with New Data
Drechsel, Thomas - National Bureau of Economic Research - 2024
This paper combines new data and a narrative approach to identify shocks to political pressure on the Federal Reserve. From archival records, I build a data set of personal interactions between U.S. Presidents and Fed officials between 1933 and 2016. Since personal interactions do not...
Persistent link: https://www.econbiz.de/10014544739
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Legislating Stock Prices
Cohen, Lauren - 2012
In this paper we demonstrate that legislation has a simple, yet previously undetected impact on firm stock prices. While it is understood that the government and firms have an important relationship, it remains difficult to determine which firms any given piece of legislation will affect, and...
Persistent link: https://www.econbiz.de/10012460370
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The Impact of Money in Politics on Labor and Capital : Evidence from Citizens United v. FEC
Akey, Pat; Babina, Tania; Buchak, Greg; Tenekedjieva, … - National Bureau of Economic Research - 2023
We examine whether corporate money in politics benefits or hurts labor using the 2010 Supreme Court ruling Citizens United, which rendered bans on political election spending unconstitutional. In difference-in-difference analyses, affected states experience increases in both capital and labor...
Persistent link: https://www.econbiz.de/10014322868
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The impact of money in politics on labor and capital : wvidence from Citizens United v. FEC
Akey, Pat; Babina, Tania; Buchak, Greg; Tenekedjieva, … - 2023
Persistent link: https://www.econbiz.de/10015062439
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How i learned to stop worrying and love the crisis
Fidrmuc, Jan; Tichit, Ariane - 2012
We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization … economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …, translate into lower subsequent inflation. Crises thus appear to serve as catalysts of reform and institutional change and lead …
Persistent link: https://www.econbiz.de/10010280828
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The Impact of Social Networks on Labour Market Outcomes : New Evidence from Cape Breton
Khan, Adnan Q. - 2013
Debates centered on the role of social networks as a determinant of labour market outcomes have a long history in economics and sociology; however, determining causality remains a challenge. In this study we use information on random assignment to a unique intervention to identify the impact of...
Persistent link: https://www.econbiz.de/10012194470
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Moving to Opportunity or Isolation? Network Effects of a Randomized Housing Lottery in Urban India
Barnhardt, Sharon - 2015
A housing lottery in an Indian city provided winning slum dwellers the opportunity to move into improved housing on the city's periphery. Fourteen years later, relative to lottery losers, winners report improved housing farther from the city center, but no change in family income or human...
Persistent link: https://www.econbiz.de/10012457249
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Why Have Economic Reforms in Mexico Not Generated Growth?
Kehoe, Timothy J. - 2010
Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a...
Persistent link: https://www.econbiz.de/10012462077