We document the transmission of monetary policy and risk-premium shocks in Hungary, by
applying recent advances in the Bayesian estimation of large VAR models. The method …

Traditional models relying on standard variables like the US Hispanic unemployment rate
fared well in explaining remittances to CAPDR and Mexico during the pre-pandemic period. …

This study expands the empirical specification of Cerra and Saxena (2008), and allows short-term
output growth regimes to be determined by globalization. Relying on a non-linear …

The paper estimates the impact of crises on output growth, augmenting Cerra and Saxena's
(2008) analysis by extending the data until 2010, and by taking into account globalization …

A growing number of emerging market countries are requesting technical assistance from
the Fund to help them adopt an inflation-targeting monetary framework. In recent years, the …

A growing number of emerging market countries are requesting technical assistance from
the Fund to help them adopt an inflation-targeting monetary framework. In recent years, the …

… Exposure times were 100 ms for DAPI (lymph node morphology, blue), 150 ms for FITC (fluorescent
marker, green) and 70 ms for TRITC (autofluorescent material, red). Images …

This paper develops a dynamic computable general equilibrium model in which optimizing
agents evade taxes by operating in the underground economy. The cost to firms of evading …

We identify episodes of sudden stops in emerging economies and estimate the probability
to observe them. Sudden stops are more likely when global growth falters, risk aversion in …

… I would like to thank the editor and referees, participants at the RBNZ workshop, those at a
workshop on political economy at UCLA, Henrik Jensen, Alina Carare, Oistein Reisland, and …