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Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism

Author/Editor: Sebastian Acevedo Mejia, Trevor Serge Coleridge Alleyne, Rafael Romeu.

Release Date:April, 2017

The Cuban revolution and the subsequent US embargo on Cuba helped shape the tourism sector in the Caribbean, facilitating the birth and growth of alternative destinations. Therefore, the more...



Price: $18.00
A Modern History of Fiscal Prudence and Profligacy

Author/Editor: Paolo Mauro, Rafael Romeu, Ariel J Binder, Asad Zaman.

Release Date:January, 2013

We draw on a newly collected historical dataset of fiscal variables for a large panel of countries—to our knowledge, the most comprehensive database currently available—to gauge the degree of more...



Price: $18.00
Did Export Diversification Soften the Impact of the Global Financial Crisis?

Author/Editor: Rafael Romeu, Nelson Camanho da Costa Neto.

Release Date:May, 2011

This study considers the role of export diversification in determining trade outcomes during the global financial crisis. The impact of export diversification (or concentration) is measured by more...



Price: $18.00
Identifying Fiscal Policy Transmission in Stochastic Debt Forecasts

Author/Editor: Kei Kawakami, Rafael Romeu.

Release Date:May, 2011

A stochastic debt forecasting framework is presented where projected debt distributions reflect both the joint realization of the fiscal policy reaction to contemporaneous stochastic macroeconomic more...



Price: $18.00
Real-Time Forecasts of Economic Activity for Latin American Economies

Author/Editor: Philip Liu, Rafael Romeu, Troy Matheson.

Release Date:April, 2011

Macroeconomic policy decisions in real-time are based the assessment of current and future economic conditions. These assessments are made difficult by the presence of incomplete and noisy data. The more...



Price: $18.00
Recession and Policy Transmission to Latin American tourism : Does Expanded Travel to Cuba offset Crisis Spillovers?

Author/Editor: Andy M. Wolfe, Rafael Romeu.

Release Date:February, 2011

This study measures the impact of changing economic conditions in OECD countries on tourist arrivals to countries/destinations in Latin America and the Caribbean. A model of utility maximization more...



Price: $18.00
Vacation Over : Implications for the Caribbean of Opening U.S.-Cuba Tourism

Author/Editor: Rafael Romeu.

Release Date:July, 2008

An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study models the impact of such a potential opening by estimating a counterfactual that more...



Price: $18.00
Bidder Participation and Information in Currency Auctions

Author/Editor: Rafael Romeu, Lawrence Ausubel.

Release Date:August, 2005

This paper studies the participation and performance of sophisticated versus unsophisticated auction participants in an environment with numerous bidders, uncertainty, and asymmetric information. We more...



Price: $15.00
A Puzzle of Microstructure Market Maker Models

Release Date:January, 2004

This study addresses the empirical viability of microstructure models of dealer price setting. New evidence is presented rejecting these models' specifications of how information asymmetry and more...



Price: $20.00
An Intraday Pricing Model of Foreign Exchange Markets

Author/Editor: Rafael Romeu.

Release Date:June, 2003

Market makers learn about asset values as they set intraday prices and absorb portfolio flows. Absorbing these flows causes inventory imbalances. Previous work has argued that market makers change more...



Price: $15.00