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. 

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Trade Imbalance: Juggling the Needs of Investors and the Public Interest in TTIP

Albert Einstein taught us that insanity means “doing the same thing over again and expecting different results.” Although investor-state provisions have become

What Can We Learn From Revisions to the Greenbook Forecasts?

Although there have been many evaluations of the Fed Greenbook forecasts, we analyze them in a different dimension. We examine the revisions of these forecasts..

Fiscal Discoveries and Yield Decouplings

The recent Eurozone debt crisis has witnessed sharp decouplings in cross-country bond yields without commensurate shifts in relative fundamentals.

The Global Agglomeration of Multinational Firms

The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial production. But are the emerging clusters....

The Political Economy of Sovereign Borrowing Explaining the Policy Choices of Highly Indebted Governments

In newly democratized and developing countries, political economy theory expects politicians to use budget de cits to engineer an election-timed boom, known as..

Designing Experiments to Measure Spillover Effects

This paper formalizes the design of experiments intended specifically to study spillover e↵ects. By first randomizing the intensity of treatment within clusters.......

Transportation Technology and Economic Change: The Impact of Colonial Railroads on City Growth in Africa

: What is the impact of modern transportation technology on economic change in poor countries? Rail construction in colonial Africa provides a natural experiment.....

Rural Push, Urban Pull and… Urban Push? New Historical Evidence from Developing Countries

: Standard models explain urbanization by rural-urban migration in response to an (expected) urban-rural wage gap. The Green Revolution and rural poverty......

History, Path Dependence and Development: Evidence from Colonial Railroads, Settlers and Cities in Kenya

: Little is known about the extent and forces of urban path dependence in developing countries. Railroad construction in colonial Kenya provides a natural....

Okun’s Law in Real Time

This comment on Ball et al (2014) compares their findings on the role of Okun’s Law in forecasts and fully revised data with real-time data for the G7 countries....