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School Inputs, Household Substitution, and Test Scores

By Jishnu Das, Stefan Dercon, James Habyarimana, Pramila Krishnan, Karthik Muralidharan, and Venkatesh Sundararaman

American Economic Journal: Applied Economics, April 2013

Empirical studies of the relationship between school inputs and test scores typically do not account for household responses to changes in school inputs. Evidence from India and Zambia shows that student test scores are higher when schools receive unan...

Economic and Monetary Union in Europe

[Symposium: Europe in 1992]

By Charles R. Bean

Journal of Economic Perspectives, Fall 1992

The European Council's Maastricht Agreement maps out a precise route to monetary union and the eventual introduction of a common currency. My discussion begins with a look at the general arguments for and against monetary union. I shall then discuss the p...