This paper challenges the current belief that income inequality has a negative relationship
with economic growth. It uses an improved data set on income inequality which not only …

Heteroskedasticity biases tests for contagion based on correlation coefficients. When contagion
is defined as a significant increase in market comovement after a shock to one country, …

This paper analyzes waves in international capital flows. We develop a new methodology
for identifying episodes of extreme capital flow movements using data that differentiates …

Countries are making more active use of macroprudential tools than in the past with the goal
of improving the resilience of their broader financial systems. A growing body of evidence …

The rates of foodborne disease caused by gastrointestinal pathogens continue to be a
concern in both the developed and developing worlds. The growing world population, the …

… 2 Forbes (2002) also constructs this trade competition variable for a series of “crisis … 3 See
Forbes and Chinn (2003) for a more detailed summary of the literature reviewed in this section…

This article examines how financial constraints and product market exposures determine the
response of multinational and local firms to sharp depreciations. US multinational affiliates …

To understand the diverse impact of the crisis across emerging market countries, we explore
the role of two shocks—the collapse in trade and the sharp decline in financial flows—in the …

Background. Campylobacter species cause a high proportion of bacterial gastroenteritis cases
and are a significant burden on health care systems and economies worldwide; however, …

There is growing support for taxes on short-term capital inflows in emerging markets, such as
the encaje adopted by Chile from 1991 to 1998. This paper assesses whether the Chilean …