currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising … output, and the evidence appears to go their way. To reconcile theory and reality, we extend the set of assets included in …

environment is conducive to countries experiencing credit bubbles that have large macroeconomic effects at home and are quickly … propagated abroad. In previous work, we built on the theory of rational bubbles to develop a framework to think about the origins … and domestic effects of these credit bubbles. This paper extends that framework to two-country setting and studies the …

This note reexamines the theory of optimal public enforcement when litigation costs are incurred if the defendant is …

for commercial plastics. Commentators have suggested that the incumbents may have preserved the monopoly outcome by gaming … post-remedy years. Such inelastic demand is inconsistent with monopoly, suggesting the remedy may have been effective …