This paper finds that factors determined outside of a country are more closely related to the global bank loans she receives. These loans are more stable when global banks are less competitive and have a higher presence in the recipient country. We obtain our results by using data on the...

This paper shows that plausible modifications to the Taylor rule for monetary policy can help explain several empirical anomalies to the behavior of inflation in the new--Keynesian general equilibrium model. The key anomalies considered are (1) the persistence of inflation, both in reduced form...

This paper characterizes the socioeconomic determinants of child health using height-for-age z-score (HAZ) - a long-run measure of chronic nutritional deficiency. We construct a panel data set that follows children between 3 and 59 months in 1993 through the 1997 and 2000 waves of the Indonesian...

In this paper, I start out with a standard political economy of trade policy model to measure the determinants of trade policy in a developing country. I carefully test the model empirically with Colombian data from 1983 to 1998 accounting for endogeneity and omitted variable bias concerns and...

During the last decade, inequality and poverty fell sharply in many Latin American countries; a period in which voters chose left-leaning leaders in ten countries including about half the region's population. Are these two developments related? Using data for 18 Latin American countries and...

Phillips (1986) provides asymptotic theory for regressions that relate nonstationary time series including those integrated of order 1, I(1). A practical implication of the literature on spurious regression is that one cannot trust the usual confidence intervals. In the absence of prior...

This paper considers estimation situations where identification, endogeneity and non-spherical regression error problems are present. Instead of always using GMM despite weak instruments to solve the endogeneity, it is possible to first check whether endogeneity is serious enough to cause...

This paper identifies the cumulative impact of early schooling investments on later schooling outcomes in a developing country context using enrollment status and relative grade attainment as short-run and long-run measures of schooling. Using a child-level longitudinal data set from rural...