Showing 1 - 10 of 11
In 2011 the Government of El Salvador implemented a reform to the gas subsidy that increased the welfare of households in all but the top two deciles of the income distribution. However, the reform turned out to be rather unpopular, especially among winners. This paper relies on ad hoc household...
Persistent link: https://www.econbiz.de/10012564672
The objective of this paper is to empirically test across alternative, apparently observationally equivalent theories of currency crises. Theories of crises are often difficult to distinguish from each other based on the behavior of commonly used predictors. Using a comprehensive data set on...
Persistent link: https://www.econbiz.de/10012573179
The early start of the process of bank restructuring and privatization in Hungary provides a longer and richer amount of evidence than that available for any other transition economy. The authors analyze the dynamics of bank restructuring in Hungary with a focus on the role played by foreign...
Persistent link: https://www.econbiz.de/10012573375
The author presents evidence that balance sheet effects are critical determinants of both the likelihood of a crisis and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis. Both models predict that the occurrence of a balance of...
Persistent link: https://www.econbiz.de/10012554093
The authors apply regime-switching methods to a monetarist model of exchange rates and identify well-defined intervention policy cycles. The policy response indices include a standard exchange market pressure-based index and a model-based volatility ratio that is endogenized relative to Japan,...
Persistent link: https://www.econbiz.de/10012554106
To comprehend how development really happens, it is necessary to understand the evolution of its drivers and their relationship with individuals' income. This paper analyzes the expansion of access to education and basic services in Latin America and its association with the evolution of incomes...
Persistent link: https://www.econbiz.de/10012568241
This study uses text mining techniques on almost 900 presidential "state-of-the-union"--type speeches from 10 Latin American countries from 1819 to 2016. The paper documents a sharp increase in recent decades in references to poverty and inequality. The study's long-term view shows that the way...
Persistent link: https://www.econbiz.de/10012569581
Although there is wide recognition of the negative consequences of policy volatility for countries' long-term economic growth, there is limited empirical work on this subject. One of the reasons is the difficulty of measuring policy volatility over long periods of time, especially in developing...
Persistent link: https://www.econbiz.de/10012569582
This paper shows evidence that suggests the economic slowdown in Latin America and the Caribbean has already translated into slowing social gains, including decelerating poverty reduction, stagnating growth of the middle class, and lower income growth. The countries of South America outperformed...
Persistent link: https://www.econbiz.de/10012570611
This paper presents the design a set of three simple and replicable behavioral interventions, which use stickers that can be added to water bills at low cost, and test their impact on water consumption in Belen, Costa Rica, using a randomized control trial. Two of the three interventions were...
Persistent link: https://www.econbiz.de/10012571844