This paper aims to better understand the income factors that influenced child poverty rates across a group of four diverse middle-income countries in 2010. We use data from LIS to analyze child poverty using harmonized measures of income in Russia, Mexico, South Africa, and Colombia. The paper...

This paper provides a new test for whether different-currency assets are imperfect substitutes. The test exploits that under floating rates, changing public currency demand has no direct effect on monetary fundamentals, current or future. Price effects from imperfect substitutability are clearly...

We address whether transaction flows in foreign exchange markets convey fundamental information. Our GE model includes fundamental information that first manifests at the micro level and is not symmetrically observed by all agents. This produces foreign exchange transactions that play a central...