Institution
Inter-American Development Bank
Other•Washington D.C., District of Columbia, United States•
About: Inter-American Development Bank is a other organization based out in Washington D.C., District of Columbia, United States. It is known for research contribution in the topics: Latin Americans & Population. The organization has 1106 authors who have published 2735 publications receiving 81485 citations. The organization is also known as: IDB.
Papers published on a yearly basis
Papers
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TL;DR: The authors analyzed the behavior of exchange rates, reserves, monetary aggregates, interest rates, and commodity prices across 154 exchange rate arrangements to assess whether official labels provide an adequate representation of actual country practice.
Abstract: In recent years, many countries have suffered severe financial crises, producing a staggering toll on their economies, particularly in emerging markets. One view blames fixed exchange rates“soft pegs”--for these meltdowns. Adherents to that view advise countries to allow their currency to float. We analyze the behavior of exchange rates, reserves, the monetary aggregates, interest rates, and commodity prices across 154 exchange rate arrangements to assess whether “official labels” provide an adequate representation of actual country practice. We find that, countries that say they allow their exchange rate to float mostly do not--there seems to be an epidemic case of “fear of floating.” Since countries that are classified as having a free or a managed float mostly resemble noncredible pegs--the so-called “demise of fixed exchange rates” is a myth--the fear of floating is pervasive, even among some of the developed countries. We present an analytical framework that helps to understand why there is fear of floating.
2,189 citations
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Harvard University1, New York University2, World Bank3, Mexican Social Security Institute4, Wellcome Trust5, Inter-American Development Bank6, University of Ibadan7, Northwestern University8, Bill & Melinda Gates Foundation9, Malawi University of Science and Technology10, University of London11, Duke University12, University of Bergen13, Public Health Foundation of India14, Centers for Disease Control and Prevention15, Stanford University16, Kathmandu17
TL;DR: High-quality health systems in the Sustainable Development Goals era: time for a revolution.
1,434 citations
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TL;DR: The authors examined the short and long-run average causal impact of catastrophic natural disasters on economic growth by combining information from comparative case studies and found that only extremely large disasters have a negative effect on output, both in the short-and long-term.
Abstract: This paper examines the short and long-run average causal impact of catastrophic natural disasters on economic growth by combining information from comparative case studies. The counterfactual of the cases studied is assessed by constructing synthetic control groups, taking advantage of the fact that the timing of large sudden natural disasters is an exogenous event. It is found that only extremely large disasters have a negative effect on output, both in the short and long run. However, this result appears in two events where radical political revolutions followed the natural disasters. Once these political changes are controlled for, even extremely large disasters do not display any significant effect on economic growth. It is also found that smaller, but still very large natural disasters, have no discernible effect on output.
871 citations
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TL;DR: In this paper, the authors use the gravity model to examine bilateral trade patterns throughout the world, and find evidence of trading blocs in the Western Hemisphere and elsewhere, as in earlier work.
836 citations
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TL;DR: In this article, the effect of foreign direct investment on economic growth in a cross-country regression framework, utilizing data on FDI flows from industrial countries to 69 developing countries over the last two decades.
Abstract: We test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework, utilizing data on FDI flows from industrial countries to 69 developing countries over the last two decades. Our results suggest that FDI is an important vehicle for the transfer of technology, contributing relatively more to growth than domestic investment. However, the higher productivity of FDI holds only when the host country has a minimum threshold stock of human capital. In addition, FDI has the effect of increasing total investment in the economy more than one for one, which suggests the predominance of complementarity effects with domestic firms.
729 citations
Authors
Showing all 1130 results
Name | H-index | Papers | Citations |
---|---|---|---|
Guillermo A. Calvo | 79 | 325 | 37838 |
Ricardo Hausmann | 71 | 336 | 28436 |
Richard J. Murnane | 68 | 247 | 21759 |
Vito Tanzi | 58 | 266 | 16992 |
Andrew J. Powell | 57 | 251 | 10544 |
Julio Frenk | 57 | 249 | 18618 |
Nancy Birdsall | 55 | 250 | 10244 |
Ugo Panizza | 49 | 179 | 10891 |
Philip Keefer | 46 | 155 | 24079 |
Emmanuel Skoufias | 45 | 169 | 10259 |
Nora Lustig | 45 | 276 | 9366 |
Eduardo Borensztein | 44 | 150 | 11317 |
Ernesto Stein | 44 | 159 | 8431 |
Norbert Schady | 43 | 127 | 8391 |
Fabio Schiantarelli | 43 | 123 | 9067 |