Population growth rates have fallen considerably in most developed countries. An important question for monetary policy is whether this has led to a fall in the natural rate of interest. In representative agent models, the response of the natural rate to a fertility shock crucially depends on...

In this paper, we address the impact of surging unemployment on online public good provision. Specifically, we ask how drastically increased unemployment affects voluntary contributions of content to the online encyclopedia Wikipedia. We put together a monthly country-level data set, which...

Economic restructuring provides an opportunity for socially valuable product and process innovation. However, it's not clear whether displaced workers engage in socially useful activities as well. This question is particularly pressing when the advancement of computer technology creates the...

The study examines the cyclicality of diaspora remittances in Zimbabwe. The cyclicality of diaspora remittances aid in confirming whether migrants are moved by altruistic or self-interest motives. The study used annual national income data and diaspora remittances flows data for the country...

Using U.S. data for 1976-2013, this paper studies the effects of various macroeconomic variables, particularly the national debt, government budget deficits and taxes, on fertility decisions over the business cycle. A rise in the debt-GDP ratio, government spending-GDP ratio and the deficit-GDP...

The paper describes boom-and-bust cycles within Hayek’s framework of order and aims to provide an understanding of recurring crises in recent financial history. We argue that a boom-and-bust cycle is initiated by a displacement that lowers the degree of (ex-post) plan coherence (or order) in...