Asymmetry in the Business Cycle: Revisiting the Friedman Plucking Model
Recent research suggests that unobserved components models can, under certain conditions, be estimated without imposing the common zero-correlation restriction....
Working Papers
This list captures all of the most recent papers that have been uploaded to this website. For a FULL list of 'Working Papers' from IIEP please visit this archived version of our website.
Alternative Measures of Homeownership Gaps Across Segregated Neighborhoods
The dramatic rise in the U.S. homeownership rate from 64% in 1996 to almost 70% in 2005 has prompted increased attention to the relation between homeownership......
Long-run Causes of Comparative Development: An Interpretation of the Recent Evidence
What explains the extreme variations in development achievement, among LDCs, and between developing and developed countries? This paper present a schematic.........
A Match Made in the Corporate and Public Interests: Marrying Voluntary CSR Initiatives and the WTO
This article examines how WTO rules could support business acting responsibly in nations with inadequate governance. The article also discuses how WTO rules......
Many governments provide monetary transfers to low-income families. The mechanism through which these subsidies are distributed may contain several inefficiencies....
A Research Symposium on New Directions for Research on Microfinance
Sponsored by the Institute for International Economic Policy, GWU Department of Economics,and GW-Center for International Business Education and Research
The Desirability of Forgiveness in Regulatory Enforcement
Economic models of regulatory enforcement typically assume that penalties for detected noncompliance are certain and swift. Regulations are rigidly enforced....
Reality Bites: The Myth of Labor Rights as a Non-trade Issue
In 1999, economist Jagdish Bhagwati and 98 other prominent individuals from the developing world took a forceful position. Bhagwati, the world’s preeminent....
The most famous economist of the 20th century, John Maynard Keynes, had an evocative image of capitalism. He believed that markets were propelled by......