作者：de Janvry, Alain; Finan, Frederico; Sadoulet, Elisabeth; Vakis, Renos
作者单位：University of California System; University of California Berkeley; The World Bank
摘要：Income shocks on poor households are known to induce parents to take their children out of school and send them to work when other risk-coping instruments are insufficient. State dependence in school attendance further implies that these responses to short-run shocks have long-term consequences on children's human capital development. Conditional cash transfer (CCT) programs, where the condition is on school attendance, have been shown to be effective in increasing educational achievements and...
作者：Grier, Robin; Grier, Kevin B.
作者单位：University of Oklahoma System; University of Oklahoma - Norman
摘要：We estimate an augmented multivariate GARCH-M model of inflation and output growth for Mexico at business cycle frequencies. The main findings are: (1) inflation uncertainty has a negative and significant effect on growth; (2) once the effect of inflation uncertainty is accounted for, lagged inflation does not have a direct negative effect on output growth; (3) However as predicted by Friedman and Ball, higher average inflation raises inflation uncertainty, and the overall net effect of averag...
