Publications

We examine one of the channels through which financial integration can help promote growth. In particular, we study the effects of capital account liberalization on the imports of capital goods. We pay particular attention to the effects of equity market... View Details

Research Summary

Inflation, Openness, and Exchange-Rate Regimes. The Quest for Short-Term Commitment

This paper further tests Romers (1993) extension of Kydland and Prescotts (1977) predictions on dynamic-inconsistency problems with regard to open economies. In a panel data set, I find that openness does not seem to play a role in the short run in restricting... View Details

December 11, 2015
Article

Latin America: Back to the Eighties or New Challenges?: [América Latina: ¿De vuelta a los ochenta o nuevos desafíos?]

2015
Chapter

Foreign Direct Investment: Effects, Complementarities, and Promotion

July 17, 2010
Guest Column

MIDEPLAN asume acciones de preparación técnica del proceso de transferencias de competencias y recursos del Poder Ejecutivo a los Gobiernos Locales

September 13, 2010
Guest Column

El Plan nacional de Desarrollo, herramienta al servicio de la Nación

October 26, 2010
Guest Column

Voluntad política para realizar el censo 2011

June 3, 2011
Guest Column

Una herramienta vital

June 10, 2012
Guest Column

Comicios en Grecia: una fecha decisiva?

September 2004
Article

Capital Controls: A Political Economy Approach

This paper examines the economic consequences of political conflicts that arise when countries implement capital controls. In an overlapping-generations model, agents vote on whether to open or close an economy to capital flows. The young (workers) receive income from... View Details

Keywords: Economy; Voting; Conflict of Interests; Capital; Government and Politics; Wages; Saving; Forecasting and Prediction

28 Aug 2023
News

China Remains Embedded in Us Supply Chains: Jackson Hole Paper

09 Jun 2020
News

Fed action, debt markets and stocks

30 Sep 2008
First Look

First Look: September 30, 2008

competition effect whereby increasing rivalry shapes, and often decreases, incentives to expend effort and invest in innovation; and 2) a parallel search effect whereby adding greater numbers of "searchers" benefits innovation View Details

Keywords: Martha Lagace

Article

Managing the Unknowable: The Effectiveness of Early-stage Investor Gut Feel in Entrepreneurial Investment Decisions

By: Laura Huang and Jone L. Pearce

Using an inductive theory-development study, a field experiment, and a longitudinal field test, we examine early-stage entrepreneurial investment decision making under conditions of extreme uncertainty. Building on existing literature on decision making and risk in... View Details

Keywords: Entrepreneurship; Venture Capital; Risk and Uncertainty; Decision Making; Emotions; Performance Effectiveness

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Research Summary

Credit Supply Shocks, Network Effects, and the Real Economy

We consider the real effects of bank lending shocks and how they permeate the economy through buyer-supplier linkages. We combine administrative data on all firms in Spain with a matched bank-firm-loan dataset with information on the universe of corporate loans for... View Details

Research Summary

Undisclosed Debt Sustainability

Over the past decade, non-Paris Club creditors, notably China, have become an important source of financing for low- and middle-income countries. In contrast with typical sovereign debt, these lending arrangements are not public, and other creditors have no information... View Details

Research Summary

Surviving the Global Financial Crisis: Foreign Ownership and Establishment Performance