I apply restricted Nadaraya-Watson kernel regression to derive the total economic impact as a function of climate change. I restrict the sample to information known at the time of Second, Third, Fourth and Fifth Assessment Reports of the Intergovernmental Panel on Climate Change. There has been...

This paper aims to operationalise the G20 commitment to ensure that the benefits of global growth are shared with Low Income Countries. Growth is central to poverty reduction and the achievement of MDGs, and in developing countries it is episodic and volatile. However, while the current LICs...

Balancing legitimate fears that carbon leakage could undermine the impact of any global climate change agreement are countervailing fears that leakage will be the excuse for protectionism in the guise of “Border Carbon Adjustments”. This would have dangers for the world trading system,...

This paper explores the paradox that the EU invests significant effort into including regulatory issues into Free Trade Agreements with apparently little binding impact other than in the case of prospective candidate countries who are likely to become members of the EU. The explanation does not...

This paper focuses on the macroeconomic management of large inflows of foreign aid. It investigates the extent to which African countries have coordinated fiscal and macroeconomic responses to aid surges. In practice, we construct a panel dataset to investigate the level of aid ‘absorption’...

This paper analyses the importance attached to the past behaviour of the exchange rate when forming expectations and tests for the uncovered interest parity hypothesis. Using interest rate dierentials for Uruguay over 1980-2010, we identify a strong and time-varying extrapolative component in...

A birth certificate establishes a child's legal identity and is the sole official proof of a child's age. However, quantitative estimates on the economic significance of birth registration are lacking. Birth registration laws were enacted by the majority of U.S. states in late 19th and early...

A large literature suggests that countries with better governance have higher growth rates. We explore whether this is also true at the sub-national level in Indonesia. We exploit a new dataset of firm perceptions of the quality of economic governance in 243 districts across Indonesia to...

Using a complete panel of Ghanaian cocoa producers’ societies in the 1930s, we investigate whether group interaction problems threatened i) capital accumulation, ii) cocoa sales and iii) cooperative survival as membership size increased. We find evidence of group interaction problems. The net...

This paper reassesses the food consumption and dietary impact of the regimes of food and food price control and eventually, food rationing, that were introduced in Britain during the First World War. At the end of the War the Sumner Committee was convened to investigate the effects of these...