Annual Conference

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International Macroeconomics, Money & Banking

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May 2022

According to one of the most striking results in the recent open macro literature, the gains from international monetary cooperation are negligible. We show that when assessed conditionally on empirically relevant dynamic developments of the economy, the welfare cost of moving away from regimes of e...
Keywords: monetary policy cooperation, global imbalances, open-loop Nash games
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Webinar Series

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Innovation, Productivity and Challenges in the Digital Era: Asia and Beyond

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Feb 2022

This paper studies a decentralized dynamic matching market by using data from a Chinese ride-sharing platform to estimate a model of search and matching between drivers and passengers. We measure passenger valuations of trips, driver preferences, distributions of planned search length, and waiting c...
Keywords: Dynamic Matching, Moment Inequality
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Webinar Series

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Pandemic

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Aug 2020

Early in 2020, the general expectation was that the coronavirus pandemic’s effects would be more severe in developing countries than in advanced economies, both on the public health and economic fronts. Preliminary evidence as of June 2020 supports a more optimistic assessment. To date, most low- ...
Keywords: Coronavirus, Pandemic, emerging markets, Developing Countries
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Annual Conference

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Trade, Growth and Development

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May 2023

Climate change is expected to reduce agricultural productivity in developing countries. Potential adaptation paths include the reallocation of capital and labor towards non-agricultural sectors or other regions. We study the experience of Brazil to provide direct evidence on these mechanisms. We doc...
Keywords: Droughts, SPEI, Brazil, Migration, Financial Integration
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Specialty Conference

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Specialty Conference

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Jan 2017

We propose a novel supply-side channel for the transmission of macroprudential policy. We exploit a unique policy experiment that tightens collateral requirements differentially across mortgage contract types, and document a composition change towards borrowers that have higher debt-to-income ratios...
Keywords: credit supply, mortgage market, Household Finance
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