May 2023
We investigate the unequal impact of environmental shocks on high-stakes test scores across income levels to document that climate change will exacerbate inequality. We show that low-income students…
May 2023
This paper examines the welfare implications of alternative rule-based fiscal policies in an economy with financially-constrained households. Using a New Keynesian DSGE model of a multi-sectoral…
May 2023
Patients are reluctant to use telemedicine health services. Telemedicine is an “experience good,” one that can be accurately evaluated and compared to its substitute (in this case, in-person visits)…
Apr 2023
Mobility restrictions have the potential to accelerate automation. Using difference-in-differences and triple-differences empirical strategies, and leveraging cross-industry variation in mobility…
Apr 2023
Overconfidence leads to risky behavior, including when people are around guns. Does overconfidence also shape attitudes about gun ownership and use? We evaluate this possibility by conducting…
Apr 2023
We investigate how the presence of physical bank branches moderates financial technology diffusion. Our identification strategy uses services suspensions caused by criminal groups that perform hit-…
Apr 2023
We study the labor market and macroeconomic effects of introducing a carbon tax in the energy sector in emerging economies (EMEs) by building a framework with equilibrium unemployment and firm entry…
Apr 2023
“Norms-nudging” consists of publicizing how others in society behave on average, hoping to encourage further adoption of a desired behavior. While numerous studies show that norms nudges can work in…
Apr 2023
We conduct a meta-analysis of 44 studies and 68 different managerial skills training programs, with the aim of identifying program characteristics that can lead to more effective public policies…
Apr 2023
Through their loans, Multilateral Development Banks (MDBs) are key resource mobilizers. MDB lending to a sector in a country significantly increases inflows from other sources up to two years later.…
Apr 2023
A través de sus préstamos, los Bancos Multilaterales de Desarrollo (BMDs) son movilizadores clave de recursos. Los préstamos de los BMDs a un sector en un país aumentan significativamente los flujos…
Apr 2023
Using unique features of a tariff schedule for natural gas in Buenos Aires, we find that a price increase causes a prompt and significant decline in residential consumption. The results also indicate…
Apr 2023
Utilizando características únicas de un sistema de precios del gas natural en Buenos Aires, observamos que un aumento del precio provoca una disminución rápida y significativa del consumo residencial…
Mar 2023
Developing countries are characterized by a high share of informal workers and several types of labor market regulation. We study the effects of the enforcement of this type of regulation on firm…
Mar 2023
Despite the relative popularity of fiscal rules, they are per se, no panacea for improving fiscal performance. Fiscal rule effectiveness is enhanced when policymakers consider i) the quality of rule…
Mar 2023
A pesar de la relativa popularidad de las reglas fiscales, éstas no son, per se, una panacea para mejorar el desempeño fiscal. La eficacia de la regla fiscal mejora cuando los responsables de las…
Mar 2023
Transparency initiatives are well-known tools introduced to foster trust and empower citizens. To explain why some governments introduce them but others do not, in a theoretical model we interpret…
Mar 2023
Using the Brazilian administrative credit registry data with the universe of all consumer loans originated by banks in the country from 2013 to 2019, we document high borrowing interest rates, which…
Mar 2023
Health outcomes can vary significantly across cities within the same country, and within neighborhoods of the same city in Latin America and the Caribbean. This variation is partly explained by…
Mar 2023
En América Latina y el Caribe, los resultados de salud pueden variar significativamente entre las ciudades de un mismo país y entre los barrios de una misma ciudad. Esta variación se explica en parte…