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While adaptive management (AM) is becoming a preferred natural resource management approach, the conditions necessary to engage in AM are not always present. In order for AM to work, there must be an ability to engage in experimentation and then incorporate what is learned. Just as few rivers...
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Climate change presents an unprecedented challenge to traditional forms of water governance in the American Southwest. This Article centers on one watershed struggling to meet these challenges — New Mexico’s Middle Rio Grande (MRG). The MRG includes the urban environments of Albuquerque,...
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The provision of foreign exchange liquidity by emerging market central banks during the global shock of 2008-09 departs from the domestic liquidity lender of last resort role described by Bagehot in his classic "Lombard Street." This paper documents and analyzes the foreign exchange liquidity...
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In this paper, we investigate the complex interrelationships among worktime, wages and health identified in the Grossman model of the demand for health. We specify a 3-equation simultaneous model designed to capture the tune dependent character of these interrelationships, and estimate the model...
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A new aggregation scheme used to measure the sources of fiscal financing of indebted countries suggests that there was a fundamental improvement in the seniority of domestic debt at the expense of foreign bank debt during the late 1980s. We argue that this was the revenue maximizing response of...
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