undeniable that remittances have poverty-alleviating and consumption-smoothing effects on recipient households, a key empirical …

This paper analyzes the dynamic interactions between the precision of information, technological development, and … welfare within an overlapping generations model. More precise information about idiosyncratic production shocks has ambiguous … effects on technological progress and welfare, which depend critically on the risk sharing capacity of the economy's financial …

paper introduces the concept of the dynastic general equilibrium value of life to measure welfare gains from the increase in … life expectancy. A calibration study finds sizable welfare gains, but these gains hardly mitigate the large inequality …

The paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are … sensitive to the choice of the social welfare function, initial conditions, and non-oil growth prospects. The distribution of …

limited. We develop a simple welfare-based measure that captures how far countries are from the ideal of perfect risk sharing …

This paper combines development and growth accounting exercises with economic theory to estimate the relative … importance of total factor productivity and the accumulation of factors of production in the economic development performance of … Latin America. The region s development performance is assessed by contrast with various alternative benchmarks, both …