In applied econometric literature, the causal inferences are often made based on temporally aggregated or systematically sampled data. A number of theoretical studies have pointed out that temporal aggregation has distorting effects on causal inference and systematic sampling of stationary...

Large current account deficits, and the corresponding reliance on capital flows from abroad, can increase a country's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It highlights the central importance of two...

An extensive empirical literature explores why exchange rate pass-through to prices varies across countries, with limited analysis of why pass-through can also vary meaningfully over time. We develop a methodology to better understand pass-through for a diverse sample of economies by explicitly...