Now showing items 1-10 of 18
Aid, policies, and growth: Reply
(American Economic Review, 2004-06-01)
Making up history: A comment on Pratten
(Economic Affairs, 2004-09-01)
Stephen Pratten's critique of mathematical formalism in the discipline of economics does not provide an adequate definition of formalism and his use of the term bears little resemblance to common mathematical usage. Furthermore, ...
Truth and robustness in cross-country growth regressions
(Oxford Bulletin of Economics and Statistics, 2004-12-01)
We re-examine studies of cross-country growth regressions by Levine and Renelt (American Economic Review, Vol. 82, 1992, pp. 942-963) and Sala-i-Martin (American Economic Review, Vol. 87, 1997a, pp. 178-183; Economics Department, ...
Government guarantees and self-fulfilling speculative attacks
(Journal of Economic Theory, 2004-11-01)
We develop a model in which government guarantees to banks' foreign creditors are a root cause of self-fulfilling twin banking-currency crises. Absent guarantees, such crises are not possible. In the presence of guarantees ...
Fiscal shocks and their consequences
(Journal of Economic Theory, 2004-03-01)
This paper investigates the response of hours worked and real wages to fiscal policy shocks in the post-World-War II US. We identify these shocks with exogenous changes in military purchases and argue that they lead to a ...
Currency crises and contingent liabilities
(Journal of International Economics, 2004-01-01)
A contingent liability is a future spending commitment that is realized with some probability. International organizations emphasize the dangers of contingent liabilities when providing advice. Why? One answer is obvious-if ...
The Decline of Diversity in Our Schools
Information programs for technology adoption: The case of energy-efficiency audits
(Resource and Energy Economics, 2004-03-01)
We analyze technology adoption decisions of manufacturing plants in response to government-sponsored energy audits. Overall, plants adopt about half of the recommended energy-efficiency projects. Using fixed effects logit ...