Working Paper
The International Debt Problem
The aim of this paper is to raise a few open questions and to bring to light some mismatches between existing theories and the evidence. (1) It is shown that many standard international debt models unwittingly require some agents to behave...
Working Paper
The information content of the yield spread about future inflation in South Africa
The proposition that inflation expectations can be extracted as inflation predictions from the government bond yield curve has been tested, with partially positive results, using data from the United States and European countries. Despite the...
Working Paper
Livelihood Decisions Under the Shadow of Conflict in the Chittagong Hill Tracts of Bangladesh
We analyse rural household livelihood and children’s school enrollment decisions in a post-conflict setting in the Chittagong Hill Tracts region of Bangladesh. The innovation of the paper lies in the fact that we employ information about current...