Annual Conference

|

Economic Transformation of Asia, Senior Fellows/Fellows

|

May 2018

We study how adverse economic shocks influence political outcomes in authoritarian regimes in strong states, by examining the 2013-2015 export slowdown in China. We exploit detailed customs data and the variation they reveal about Chinese prefectures’ underlying exposure to the global trade slowdo...
Keywords: Political economy, export slowdown, economic shocks
  • View
  • Download
  • Bookmark
  •    |   

Annual Conference

|

Economic Transformation of Asia, Senior Fellows/Fellows

|

May 2018

  • View
  • Download
  • Bookmark
  •    |   

Annual Conference

|

International Macroeconomics, Money & Banking, Senior Fellows/Fellows

|

May 2018

Ant Financial provides automated credit lines to more than a million firms trading on Alibaba’s Taobao e-commerce platform. Monthly credit records show how TechFin mitigates local credit supply frictions in China’s segmented credit market and extends the “frontier” of credit availability to ...
Keywords: TechFin, Credit Constraints, micro credit, Entrepreneurship
  • View
  • Download
  • Bookmark
  •    |   

Annual Conference

|

Economic Transformation of Asia

|

May 2016

With a dynamic macroeconomic model built to tailor the institutions of China, this paper studies how fertility control and migration policies shaped the rural-urban migration pattern and the economic development of China. Different from the reduced-form approach adopted by most of the existing liter...
Keywords: Rural-Urban Migration, Fertility, urbanization, development
  • View
  • Download
  • Bookmark
  •    |   

Annual Conference

|

International Macroeconomics, Money & Banking

|

May 2015

Despite a formal 'no-bailout clause', we estimate significant net present value transfers from the European Union to Cyprus, Greece, Ireland, Portugal and Spain, ranging from roughly 0.5% (Ireland) to 43% (Greece) of 2011 output during the recent Eurozone crisis. We propose a model to analyze and un...
Keywords: sovereign debt, Bailouts, Eurozone Crisis
  • View
  • Download
  • Bookmark
  •    |