The study proposes a multivariate unobserved components model in order to examine relationships at business cycle frequencies among macroeconomic variables. The series are decomposed into non-stationary trends, stationary cycles, and an irregular component. The co-movements among the particular...

Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...

The sub-Saharan Africa region recorded the fastest conversion of forest land to agriculture in the past 20 years. The region also has the widest yield gap and together with Latin America and Caribbean has the largest unused arable land. However, there are wide variations across countries and...

Agriculture is a main contributor to pro-poor growth in Africa, but gender inequalities in the sector hold back agricultural growth and affect household welfare negatively. The sector has been characterized by a lack of gender-disaggregated data and patchy gender-integration in policies and...

Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...