RECENT PROJECT TOPICS AND MATERIALS

ABSTRACT Economic models of decentralization generally emphasize beneficial consequences—efficient provision of local public goods, hard budget constraints, and sorting of residents according to taste. This paper notes two less benign effects. First, political decentralization makes it easier for subnational governments…

ABSTRACT To what extent do households make their consumption-savings decisions in a forward looking manner? While this question is of fundamental importance to many aspects of economics, a wide range of viewpoints prevail. The massive empirical literature studying consumer behavior…

ABSTRACT This study investigates the presence of currency substitution in eight African countries- Egypt, Morocco, Nigeria, Ghana, Kenya, South Africa, Tunisia and Zambia- for the period 1976 to 2005 using both regional and US dollar as anchor currencies. We find…

ABSTRACT EMU now seems increasingly likely to progress as planned with a broad membership of eight to ten countries in 1999. The political determination of Europe’s leaders has developed a momentum that makes the birth of the Euro ever more…

ABSTRACT Empirical research on corruption is quite a new undertaking. In an attempt to determine the causes and consequences of corruption, academics have concentrated lately on cross-country analyses. These are mostly based on professional studies of the degree of corruption…