How Well Does “Core” CPI Capture Permanent Price Changes?
We decompose core CPI and the food and energy CPI measures into permanent and transitory components using a correlated unobserved components model, to examine....
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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Climate Change and the World Trading System
Dr. Steve Charnovitz – GWU Gary Clyde Hufbauer and Jisun Kim – Peterson Institute This event was made possible by a generous grant........
Location Decision of Heterogeneous Multinational Firms
We examine how multinational rms with heterogeneous total factor productivity (TFP) self-select into di¤erent host countries. Both aggregate- and rm-level..............
Aggregate Income Shocks and Infant Mortality in the Developing World
Health and income are strongly correlated both within and across countries, yet the extent to which improvements in income have a causal effect on health status....
Lazy Banks? Government Borrowing and Private Credit: Evidence from Developing Countries
When government borrows one dollar from domestic banking sector, how much does it reduce private credit in developing countries? There is surprisingly no.....
Can the Fed Predict the State of the Economy
Recent research has documented that the Federal Reserve produces systematic errors in forecasting inflation, real GDP growth, and the unemployment rate, even...
Jointly Evaluating GDP and Inflation Forecasts in the Context of the Taylor Rule
Individuals, businesses, and government policymakers use economic forecasts as guides to many important economic and financial decisions. Thus, it is.......
The Matching of Heterogeneous Firms and Politicians
We use a unique Chinese rm-director panel dataset and a simple assignment model to examine the matching mechanism of heterogeneous rms and politicians. Based on....
Governments provide public information about economic conditions to reduce information imperfections and facilitate efficient allocation of resources. Do.....
Third-Country Effects in Multinational Production Networks
The majority of multinational rms today operate a multilateral production network. Most existing empirical analyses have, however, focused on rms choice between.....