This paper studies shock-dependent exchange rate pass-through for Japan with a Bayesian structural vector autoregression model. We identify the shocks by complementing the traditional sign and zero restrictions broadly following Forbes(2018) with the narrative sign restrictions related to the...

We propose a novel apples-to-apples comparison strategy to identify the effect of boy preference on girls’ physical health from endogenous sibling gender composition. Employing an instrumental variable approach and data from the Chinese Family Panel Studies, we find that the presence of...

We propose a novel apples-to-apples comparison strategy to identify the causal effect of son preference on child physical health from endogenous sibling gender composition. Using first-born boy ratio within a community as an instrument and data from the Chinese Family Panel Studies, we find that...

The literature remains divided on the impact of governance on migration. This paper aims to contribute to this debate by examining the effect of corruption, along with other governance qualities, on brain drain using data from 130 countries. To address the issue of endogeneity, we utilize a...

Abstract: This paper provides cross-country and time-series evidence on the extent of exchange rate pass-through at different stages of distribution - import prices, producer prices and consumer prices - for eight major industrial countries: United States, Japan, Canada, Italy, UK, Finland,...

We estimate exchange rate pass-through (PT) into import, producer and consumer price indexes for nine OECD countries, using a method proposed by Uhlig (2005). In a Vector Autoregression (VAR) model, we identify the exchange rate shock by imposing restrictions on the signs of impulse responses...

This paper attempts to identify neighborhood peer effects on children's dropout decision in rural China using the China Health and Nutrition Survey data (CHNS). Identifying peer effect is complicated by several endogenity problems including “self-selection” problem, “reflective” problem...

For a better understanding of the ongoing debates on the RMB, this paper investigates the effects of exchange rate shocks on output and the current account for China and Japan. We use structural vector auto-regression models and find that yen appreciation reduces current account surpluses while...

Throughout the turbulence in the international financial system, eastern Caribbean countries have enjoyed remarkable monetary and economic stability. This paper attempts to characterize the types of structural shocks in the Eastern Caribbean Currency Union (ECCU) and other countries in the...