The large and stable inflow of workers' remittances through formal financial channels to developing countries prompted authorities to harness fiscal resources from this flow. This paper develops a macro-dynamic model of a small open economy with cross-border labor mobility emphasizing fiscal...

We reexamine the role of trust in macroeconomic performance using a new econometric method, a two-step approach adopted by Di Tella et al. (AER, 2001). In the first step, the measure of trust is constructed from the micro-regression of trust. This method allows us to extract the component of...

Thesis (Ph. D.)--University of Washington, 2001

This study examines the validity of the Law of One Price (LOP) by using monthly retail price data for 24 commodities across 78 locations for the period January 2007–December 2017 in the linguistically and topographically diverse India. We focus on the influence of communication costs and...