This paper constructs a new measure of political pressure on the Federal Reserve from textual analysis of Fed Chairs' testimonies at Humphrey-Hawkins congressional hearings, and documents that the use …
PublishedClassicJournal of International EconomicsPublished Nov 1989
This 1989 Journal of International Economics paper by Alberto Alesina and Guido Tabellini explains the simultaneous accumulation of public external debt and private capital flight observed in …
PublishedClassicGlobalization in Historical PerspectivePublished Jan 2003
Global capital mobility traces a U over the past century and a half, and the authors argue the shape is explained by the open-economy policy trilemma rather than by technology: capital moved freely …