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Working Paper
The U.S. as a coastal nation
U.S. economic activity is overwhelmingly concentrated at its ocean and Great Lakes coasts. Economic theory suggests four possible explanations: a present-day productivity effect, a present-day quality-of-life effect, delayed adjustment following a historical productivity or quality-of-life effect, and an agglomeration effect following a historical productivity or quality-of-life effect. Controlling for correlated natural attributes such as the weather and including proximity measures which a priori do not influence quality-of-life, linear regressions suggest that the high coastal ...
Conference Paper
Managing financial crises in emerging markets; commentary
Conference Paper
International lender of last resort? what are the alternatives?
Conference Paper
Is there a case for more managed exchange rates?