conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is … consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in … reconciliation of theory and evidence is accomplished with a multicountry dynamic general equilibrium model parameterized with data …

-market economies. The chapter discusses the history, macroeconomic effects, theory, practice, and future of inflation targeting …

strives to partly redress this lacuna on the theory side by introducing three novel political economy mechanisms with …

cultural heterogeneity, the world's geographical fragmentation by ethic and religious traits, at any given time. Finally, the …

of the largest 50 economies in the world, a reduction in entry costs all the way to the U.S. level leads to an average …