This 1991 Quarterly Journal of Economics paper by Kenneth Froot and Jeremy Stein explains the empirical correlation between dollar depreciation and foreign direct investment (FDI) inflows into the …
PublishedClassicThe Quarterly Journal of EconomicsPublished Nov 1993
This 1993 Quarterly Journal of Economics paper by David Romer points out and empirically tests a previously unnoticed prediction of Kydland-Prescott-style models of monetary policy without …