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(Brazil, Chile, Colombia and Mexico) during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early …
Persistent link: https://www.econbiz.de/10011519079
Persistent link: https://www.econbiz.de/10003511397
instrumental variable procedure to estimate the impact of the credit shock performs well and is relatively robust to measurement …, VARs of the narrative variety, i.e. VAR models that include measures of the credit shock as endogenous variables are highly … suggests, however, that the credit supply shock is hard to identify in practice. …
Persistent link: https://www.econbiz.de/10010339749
instruments is effective in recovering the underlying shock. In contrast, identification based on recursive schemes and …
Persistent link: https://www.econbiz.de/10010484833
This paper evaluates whether fiscal and foreign exchange policy shocks can explain both credit and credit supply in Venezuela. Empirical evidence suggests that between 65 and 90 percent of credit growth is linked to the buildup of banks' deposits caused by the monetary effects of fiscal...
Persistent link: https://www.econbiz.de/10011660860
Persistent link: https://www.econbiz.de/10012292001
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Conditional Cash Transfer (CCT) programs are important anti-poverty programs in Latin America and the Caribbean. There is little evidence, however, of the effectiveness of ongoing CCT programs several years after they have begun. Such evidence is particularly relevant for policymakers because...
Persistent link: https://www.econbiz.de/10011883459
This paper studies the link between severe weather shocks in Colombia and municipality-level incidence of dengue and …
Persistent link: https://www.econbiz.de/10011286264
Persistent link: https://www.econbiz.de/10008688576