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Earning from History: Financial Markets and the Approach of World Wars: by Ferguson, Niall; We are living through a paradox—or so it seems. Since September 11, 2001, according to a number of neo-conservative commentators, America has been fighting World War III (or IV, if you like to give...; Publication Type: WCFIA Working Paper; Published Date: February 17, 2008 More

Can Exchange Rates Forecast Commodity Prices?: by Rogoff, Kenneth S.; Rossi, Barbara; Chen, Yu-chin; This paper studies the dynamic relationship between exchange rate fluctuations and world commodity price movements. Taking into account parameter instability, we demonstrate surprisingly robust...; Publication Type: WCFIA Working Paper; Published Date: February 14, 2008 More

Investment Cycles and Sovereign Debt Overhang: by Gopinath, Gita; Aguiar, Mark; Amador, Manuel; We characterize optimal taxation of foreign capital and optimal sovereign debt policy in a small open economy where the government cannot commit to policy, seeks to insure a risk averse domestic...; Publication Type: WCFIA Working Paper; Published Date: February 5, 2008 More

Economic Aspects of the Cold War, 1962-1975: by Cooper, Richard N.; US objectives during the Cold War were to prevent Soviet attacks on the United States and its allies and to prevent the spread of communism as a political and economic system to other...; Publication Type: WCFIA Working Paper; Published Date: February 2008 More

Colonial Land Tenure, Electoral Competition and Public Goods in India: by Iyer, Lakshmi; Banerjee, Abhijit; Social scientists have long emphasized the importance of institutions in nurturing economic growth and development. Douglass C. North defines institutions as the "rules of the game in a...; Publication Type: WCFIA Working Paper; Published Date: February 2008 More

Globalization and the Great Divergence: Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913: by Williamson, Jeffery G.; W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and...; Publication Type: WCFIA Working Paper; Published Date: February 2008 More

Powerful Women: Does Exposure Reduce Prejudice?: by Pande, Rohini; Beaman, Lori; Chattopadhyay, Raghabendra; Duflo, Esther; Topalova, Petia; Female leadership remains strikingly low in most democracies, and voter preferences are often suggested as a likely explanation. In this paper, we present experimental evidence from India which...; Publication Type: WCFIA Working Paper; Published Date: February 2008 More

The Essential Role of Pair Matching in Cluster-Randomized Experiments, Application to the Mexican Universal Health Insurance: by King, Gary; Imai, Kosuke; Nall, Clayton; A basic feature of many field experiments is that investigators are only able to randomize clusters of individuals—such as households, communities, firms, medical practices, schools, or...; Publication Type: WCFIA Working Paper; Published Date: January 18, 2008 More

Regionalization and Retrenchment: The Impact of European Integration on the Welfare State: by Beckfield, Jason; This paper demonstrates the utility of a sociology of regional integration by addressing two central questions that have sparked much debate over the welfare state. Is there evidence of...; Publication Type: WCFIA Working Paper; Published Date: 2008 More

Social Capital and Migration: How Do Similar Resources Lead to Divergent Outcomes?: by Garip, Filiz; This paper investigates how migrant social capital differentially influences individuals’ migration and cumulatively generates divergent outcomes for communities. To combine the fragmented findings...; Publication Type: WCFIA Working Paper; Published Date: January 2008 More