We provide novel evidence of the impact of coresidence bias on a large set of indicators of intergenerational mobility in education. We begin re-examining a recent claim that the correlation coefficient is less biased than the regression coefficient. Then, we expand our analysis to show that...

This paper addresses three policy questions related to the episodes of real exchange rate (RER) appreciation in the aftermath of the 2008-09 global financial crisis. First, we determine the extent to which recent movements in RER, in several countries, are driven by changes in RER determinants...

This paper conducts an exhaustive out-of-sample forecasting evaluation exercise for the monthly price of crude oil between 1992 and 2011. The idea is to identify the forecasting strategy that results in the “best” forecasts in terms of mean forecasting error. To this end, a wide variety of...

[fre] L’intégration aux marchés financiers internationaux (IMFI) en Amérique latine n’a pas été aisée. Les expériences étudiées de l’Argentine, du Brésil, du Chili et du Mexique montrent que l’intégration financière n’est pas un objectif facile à atteindre. Le cadre...

This paper provides evidence on the importance of distinguishing among episodes of capital flow reversals driven by stop or reversal of gross capital inflows (sudden stops) and those explained by large surges in gross capital outflows (sudden flights). Besides finding that they have different...