This paper combines local election results and geo-referenced road construction data over 1993-2012 to investigate political bias in road infrastructure investment in a democratic setting, focusing on the case of Mexico. Using a regression discontinuity design, the paper finds strong evidence of...

Ethiopia's framework for managing its monetary and foreign exchange policy has relied on some standard instruments of financial repression. Over time, the framework has led to the buildup of large macro-financial imbalances. Exiting financial repression while maintaining macroeconomic stability...