This paper presents empirical models of Mexican government bond (MGB) yields based on monthly macroeconomic data. The current short-term interest rate has a decisive influence on MGB yields, after controlling for inflation and growth in industrial production. John Maynard Keynes claimed that...

Sustainable Development is the prime concern in development policy making all around the world. Environmental Goods and Services (EGS) play a vital role in sustainable development. Increasing access to and use of EGS can help in reducing air and water-pollution, improving energy and...

This paper estimates the exchange rate pass-through (ERPT) by using good-level daily data on wholesale prices of imported agricultural products, where the identification is achieved by using daily data on the domestic inflation rate. The results of standard empirical analyses are in line with...

This paper examines the impact of immigration on bilateral trade using a panel dataset of exports from 18 top migrant destinations (countries) to 69 top emigrant sources (countries) over five decades. Using various specifications of the gravity equation, we find that immigrants' ethnic network...

This paper examines the relationship between individuals’ migration decisions and risk attitudes. We use the Two-Sample Two-Stage Instrumental Variable (TS2SIV) technique to measure relative risk aversion and its impact on migration. Using the probit model, we find that more risk-averse people...

How is exchange rate pass-through (ERPT) measures affected by increasing participation in global value chains? This paper measures ERPT for value-added trade, where intermediate inputs are shared among countries in a back-and-forth manner for producing a single final product. Estimation of...