This paper studies the link between bank recapitalization and welfare in a dynamic production economy. The model … bailout policies may benefit social welfare in the long-run. Bailouts improve capital allocation in states where aggregate …

welfare gains from trade liberalization in Africa. As intra-regional import tariffs in the continent are already low, the bulk … Rodriguez-Clare (2014), we estimate the welfare effects of the AfCFTA for 45 countries in Africa. Three different model … import tariffs and partial but substantial reduction in non-tariff barriers (NTBs). Results reveal significant potential …

We investigate the welfare implications of two pre-crisis immigration waves (1991-2000 and 2001-2010) and of the post … across countries and across skill groups. In relative terms, the post-crisis wave induces smaller welfare gains compared to …

import tariffs, to ensure these benefits, African countries will need reduce other trade barriers by making more efficient …