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Details about Luis Servén

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Workplace:Economics Research, World Bank Group, (more information at EDIRC)

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Last updated 2019-05-26. Update your information in the RePEc Author Service.

Short-id: pse75


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Working Papers

2019

  1. Adding Space to the International Business Cycle
    Policy Research Working Paper Series, The World Bank Downloads
  2. Swept by the Tide ? The International Comovement of Capital Flows
    Policy Research Working Paper Series, The World Bank Downloads

2018

  1. Assessing the degree of international consumption risk sharing
    Department of Economics Working Papers, Universidad Torcuato Di Tella Downloads
    Also in Policy Research Working Paper Series, The World Bank (2016) Downloads

    See also Journal Article in Journal of Development Economics (2018)
  2. Assessing the international comovement of equity returns
    Policy Research Working Paper Series, The World Bank Downloads
  3. Gross capital flows by banks, corporates and sovereigns
    BIS Working Papers, Bank for International Settlements Downloads View citations (5)
    Also in Policy Research Working Paper Series, The World Bank (2018) Downloads View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) Downloads View citations (15)
  4. Gross capital flows, common factors, and the global financial cycle
    Policy Research Working Paper Series, The World Bank Downloads View citations (7)
  5. Growth, Inequality, and Poverty: A Robust Relationship?
    Policy Research Working Paper Series, The World Bank Downloads View citations (1)
    Also in Working Papers, ECINEQ, Society for the Study of Economic Inequality (2018) Downloads View citations (2)

2017

  1. Gross Capital Inflows to Banks, Corporates and Sovereigns
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (25)

2016

  1. Openness, specialization, and the external vulnerability of developing countries
    Policy Research Working Paper Series, The World Bank Downloads
    See also Journal Article in Journal of Development Economics (2018)
  2. Productivity and the Welfare of Nations
    Boston College Working Papers in Economics, Boston College Department of Economics Downloads View citations (7)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2012) Downloads View citations (8)
    Policy Research Working Paper Series, The World Bank (2012) Downloads View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) Downloads View citations (7)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2012) Downloads View citations (8)
    Working Papers, Barcelona Graduate School of Economics (2012) Downloads View citations (8)
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) (2013) Downloads View citations (5)

2014

  1. Infrastructure, growth, and inequality: an overview
    Policy Research Working Paper Series, The World Bank Downloads View citations (2)
  2. Testing weak exogeneity in cointegrated panels
    Policy Research Working Paper Series, The World Bank Downloads View citations (1)
    Also in Working Papers, Banco de España (2013) Downloads

    See also Journal Article in Applied Economics (2015)

2013

  1. Partial consumption insurance and financial openness across the world
    Policy Research Working Paper Series, The World Bank Downloads View citations (1)

2011

  1. Is infrastructure capital productive ? a dynamic heterogeneous approach
    Policy Research Working Paper Series, The World Bank Downloads View citations (27)
    Also in Working Papers, Banco de España (2011) Downloads View citations (6)

    See also Journal Article in Journal of Applied Econometrics (2015)
  2. Measuring Aid Flows: A New Approach
    IDB Publications (Working Papers), Inter-American Development Bank Downloads View citations (15)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (1998) Downloads View citations (36)
    Policy Research Working Paper Series, The World Bank (1999) Downloads View citations (28)
  3. Medium Term Business Cycles in Developing Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (6)
    Also in Harvard Business School Working Papers, Harvard Business School (2010) Downloads View citations (6)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (12)
    Policy Research Working Paper Series, The World Bank (2009) Downloads View citations (13)

    See also Journal Article in American Economic Journal: Macroeconomics (2014)

2010

  1. Global imbalances before and after the global crisis
    Policy Research Working Paper Series, The World Bank Downloads View citations (19)
  2. Identity and Mobility: Historical Fractionalization, Parochial Institutions, and Occupational Choice in the American Midwest
    Department of Economics Working Papers, Department of Economics, Williams College Downloads View citations (8)
  3. Infrastructure in Latin America
    Policy Research Working Paper Series, The World Bank Downloads View citations (4)
  4. Productivity, Welfare and Reallocation: Theory and Firm Level Evidence
    Boston College Working Papers in Economics, Boston College Department of Economics Downloads View citations (2)
    Also in Policy Research Working Paper Series, The World Bank (2010) Downloads View citations (11)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2009) Downloads View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (7)
    Working Papers, Federal Reserve Bank of Boston (2009) Downloads View citations (16)
  5. Undervaluation through foreign reserve accumulation: static losses, dynamic gains
    Policy Research Working Paper Series, The World Bank Downloads View citations (32)
    See also Journal Article in Journal of International Money and Finance (2016)

2009

  1. Are all the sacred cows dead ? implications of the financial crisis for macro and financial policies
    Policy Research Working Paper Series, The World Bank Downloads View citations (1)
    See also Journal Article in World Bank Research Observer (2010)
  2. Back to Global Imbalances?
    World Bank Other Operational Studies, The World Bank Downloads
  3. Informality in Latin America and the Caribbean
    Policy Research Working Paper Series, The World Bank Downloads View citations (6)
  4. Infrastructure in Latin America: An Update, 1980-2006
    World Bank Other Operational Studies, The World Bank Downloads
  5. Too poor to grow
    Policy Research Working Paper Series, The World Bank Downloads View citations (10)
    See also Chapter (2015)

2008

  1. Fiscal redistribution and income inequality in Latin America
    Policy Research Working Paper Series, The World Bank Downloads View citations (10)
    See also Journal Article in World Development (2011)
  2. Infrastructure and economic development in Sub-Saharan Africa
    Policy Research Working Paper Series, The World Bank Downloads View citations (11)
  3. Real Exchange Rates, Saving and Growth: Is there a Link?
    Center for Development Economics, Department of Economics, Williams College Downloads View citations (13)
    Also in Department of Economics Working Papers, Department of Economics, Williams College (2008) Downloads View citations (11)
    Policy Research Working Paper Series, The World Bank (2008) Downloads View citations (10)

2007

  1. Fiscal rules, public investment, and growth
    Policy Research Working Paper Series, The World Bank Downloads View citations (1)
  2. Macroeconomic Volatility and Welfare in Developing Countries: an Introduction
    Post-Print, HAL View citations (47)
    See also Journal Article in World Bank Economic Review (2007)
  3. Walking up the down escalator: public investment and fiscal stability
    Policy Research Working Paper Series, The World Bank Downloads View citations (2)
    See also Journal Article in World Bank Research Observer (2008)

2006

  1. A normal relationship ? Poverty, growth, and inequality
    Policy Research Working Paper Series, The World Bank Downloads View citations (28)
  2. Getting realabout inequality: evidence from Brazil, Colombia, Mexico, and Peru
    Policy Research Working Paper Series, The World Bank Downloads View citations (7)

2005

  1. Regulation and macroeconomic performance
    Policy Research Working Paper Series, The World Bank Downloads View citations (16)
  2. The Effects of Infrastructure Development on Growth and Income Distribution
    DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade Downloads View citations (6)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2004) Downloads View citations (43)
    Policy Research Working Paper Series, The World Bank (2004) Downloads View citations (73)
  3. The impact of regulation on growth and informality - cross-country evidence
    Policy Research Working Paper Series, The World Bank Downloads View citations (44)

2004

  1. Country Portfolios
    Policy Research Working Paper Series, The World Bank Downloads View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) Downloads View citations (2)
    Working Papers Central Bank of Chile, Central Bank of Chile (2001) Downloads
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2000) Downloads View citations (37)
    NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (46)

    See also Journal Article in Journal of the European Economic Association (2005)
  2. General Equilibrium Dynamics of External Shocks and Policy Changes in Chile
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads
  3. Greenfield foreign direct investment and mergers and acquisitions - feedback and macroeconomic effects
    Policy Research Working Paper Series, The World Bank Downloads View citations (10)
  4. Macroeconomic stability in developing countries - How much is enough?
    Policy Research Working Paper Series, The World Bank Downloads View citations (7)
    See also Journal Article in World Bank Research Observer (2006)
  5. Tango with the Gringo: the hard peg and real misalignment in Argentina
    Policy Research Working Paper Series, The World Bank Downloads View citations (17)
    Also in Working Papers, Banco de España (2004) Downloads View citations (4)
  6. The Effects of Infrastructure Development on Growth and income
    Econometric Society 2004 Latin American Meetings, Econometric Society Downloads View citations (30)
  7. Trends in Infrastructure in Latin America, 1980-2001
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (3)
    Also in Policy Research Working Paper Series, The World Bank (2004) Downloads View citations (3)

2003

  1. Do capital flows respond to risk and return?
    Policy Research Working Paper Series, The World Bank Downloads View citations (7)
  2. The anatomy of a multiple crisis: why was Argentina special and what can we learn from it?
    Policy Research Working Paper Series, The World Bank Downloads View citations (20)
  3. World market integration through the lens of foreign direct investors
    Policy Research Working Paper Series, The World Bank Downloads View citations (19)
    See also Journal Article in Journal of International Economics (2005)

2002

  1. Global Transmission of Interest Rates: Monetary Independence and Currency Regime
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (40)
    Also in Policy Research Working Paper Series, The World Bank (2000) Downloads View citations (19)

    See also Journal Article in Journal of International Money and Finance (2004)
  2. Greenfield Fdi vs. Mergers and Acquisitions: Does the Distinction Matter?
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (3)
  3. How Did Latin America’s Infrastructure Fare in the era of Macroeconomic Crises?
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (2)
  4. Infrastructure Compression and Public Sector Solvency in Latin America
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (2)
  5. Pricing Currency Risk: Facts and Puzzles from Currency Boards
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    Also in Policy Research Working Paper Series, The World Bank (2002) Downloads View citations (7)
  6. Real exchange rate uncertainty and private investment in developing countries
    Policy Research Working Paper Series, The World Bank Downloads View citations (11)
  7. The Output Cost of Latin America’s Infrastructure Gap
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (3)

2001

  1. International Portfolio Diversification: The Role of Risk and Return
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads
  2. Una Revisión del Comportamientoy de los Determinantes del Ahorro en el Mundo
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (4)
    See also Chapter (2001)

2000

  1. External sustainability: a stock equilibrium perspective
    Policy Research Working Paper Series, The World Bank Downloads View citations (8)
  2. Policy Shifts and External Shocks in Chile Under Rational Expectations
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society Downloads View citations (7)
  3. Verifiability and the Vanishing Intermediate Exchange Rate Regime
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (51)
  4. Verifying exchange rate regimes
    Policy Research Working Paper Series, The World Bank Downloads View citations (15)
    See also Journal Article in Journal of Development Economics (2001)
  5. What drives private saving around the world?
    Policy Research Working Paper Series, The World Bank Downloads View citations (138)

1999

  1. Saving - What Do We Know, and Why Do We Care?
    World Bank Other Operational Studies, The World Bank Downloads View citations (1)
  2. What Drives Private Saving Across the World?
    Working Papers, Cambridge - Risk, Information & Quantity Signals View citations (14)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (1999) Downloads View citations (50)

    See also Journal Article in The Review of Economics and Statistics (2000)

1998

  1. Cuantificación de los flujos de asistencia: un nuevo enfoque
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  2. Macroeconomic uncertainty and private investment in developing countries - an empirical investigation
    Policy Research Working Paper Series, The World Bank Downloads View citations (12)

1997

  1. Does Income Inequality Raise Aggregate Saving?
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (1)
    See also Journal Article in Journal of Development Economics (2000)
  2. Saving Across the World: Puzzles and Policies
    World Bank - Discussion Papers, World Bank View citations (25)
  3. Uncertainty, instability, and irreversible investment: theory, evidence, and lessons for Africa
    Policy Research Working Paper Series, The World Bank Downloads View citations (8)

1996

  1. Does public capital crowd out private capital?: evidence from India
    Policy Research Working Paper Series, The World Bank Downloads View citations (4)
  2. Income inequality and aggregate saving: the cross-country evidence
    Policy Research Working Paper Series, The World Bank Downloads View citations (4)

1995

  1. Fiscal and monetary contraction in Chile: a rational-expectations approach
    Policy Research Working Paper Series, The World Bank Downloads
  2. Terms-of-trade shocks and optimal investment: another look at the Laursen-Metzler effect
    Policy Research Working Paper Series, The World Bank Downloads View citations (3)
    See also Journal Article in Journal of International Money and Finance (1999)

1994

  1. Capital goods imports, the real exchange rate, and the current account
    Policy Research Working Paper Series, The World Bank Downloads View citations (1)
    See also Journal Article in Journal of International Economics (1995)
  2. Dynamic response to external shocks in classical and Keynesian economies
    Policy Research Working Paper Series, The World Bank Downloads View citations (5)
  3. Fiscal policy in classical and Keynesian open economies
    Policy Research Working Paper Series, The World Bank Downloads View citations (3)
  4. Saving, investment, and growth in developing countries: an overview
    Policy Research Working Paper Series, The World Bank Downloads View citations (4)

1992

  1. Dynamic response to foreign transfers and terms-of-trade shocks in open economies
    Policy Research Working Paper Series, The World Bank Downloads View citations (2)

1991

  1. Adjustment policies and investment performance in developing countries: theory, country experiences, and policy implications
    Policy Research Working Paper Series, The World Bank Downloads View citations (1)
  2. An empirical macroeconomic model for policy design: the case of Chile
    Policy Research Working Paper Series, The World Bank Downloads View citations (4)

1990

  1. Anticipated real exchange-rate changes and the dynamics of investment
    Policy Research Working Paper Series, The World Bank Downloads

1989

  1. Private investment and macroeconomic adjustment: an overview
    Policy Research Working Paper Series, The World Bank Downloads View citations (5)

Undated

  1. General Equilibrium Dynamics of Foreign Shocks and Policy Changes in Chile
    EcoMod2003, EcoMod Downloads View citations (4)
    See also Chapter (2005)

Journal Articles

2018

  1. Assessing the degree of international consumption risk sharing
    Journal of Development Economics, 2018, 134, (C), 176-190 Downloads View citations (1)
    See also Working Paper (2018)
  2. Openness, specialization, and the external vulnerability of developing countries
    Journal of Development Economics, 2018, 134, (C), 310-328 Downloads
    See also Working Paper (2016)

2016

  1. Undervaluation through foreign reserve accumulation: Static losses, dynamic gains
    Journal of International Money and Finance, 2016, 64, (C), 104-136 Downloads View citations (14)
    See also Working Paper (2010)

2015

  1. Is infrastructure capital productive? A dynamic heterogeneous approach
    Journal of Applied Econometrics, 2015, 30, (2), 177-198 Downloads View citations (34)
    See also Working Paper (2011)
  2. Testing weak exogeneity in cointegrated panels
    Applied Economics, 2015, 47, (30), 3216-3228 Downloads
    See also Working Paper (2014)

2014

  1. Medium Term Business Cycles in Developing Countries
    American Economic Journal: Macroeconomics, 2014, 6, (4), 209-45 Downloads View citations (8)
    See also Working Paper (2011)

2013

  1. Global Imbalances: Origins and Prospects
    World Bank Research Observer, 2013, 28, (2), 191-219 Downloads View citations (2)

2011

  1. Fiscal Redistribution and Income Inequality in Latin America
    World Development, 2011, 39, (9), 1558-1569 Downloads View citations (41)
    See also Working Paper (2008)

2010

  1. Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro- and Financial Policies
    World Bank Research Observer, 2010, 25, (1), 91-124 Downloads View citations (17)
    See also Working Paper (2009)
  2. Infrastructure and Economic Development in Sub-Saharan Africa-super- †
    Journal of African Economies, 2010, 19, (suppl_1), 13-87 Downloads View citations (12)

2008

  1. Walking up the Down Escalator: Public Investment and Fiscal Stability
    World Bank Research Observer, 2008, 23, (1), 37-56 Downloads View citations (17)
    See also Working Paper (2007)

2007

  1. Macroeconomic Volatility and Welfare in Developing Countries: An Introduction
    World Bank Economic Review, 2007, 21, (3), 343-357 Downloads View citations (89)
    See also Working Paper (2007)

2006

  1. Macroeconomic Stability in Developing Countries: How Much Is Enough?
    World Bank Research Observer, 2006, 21, (2), 151-178 View citations (3)
    See also Working Paper (2004)

2005

  1. Country Portfolios
    Journal of the European Economic Association, 2005, 3, (4), 914-945 Downloads View citations (123)
    See also Working Paper (2004)
  2. Tracking
    World Bank Economic Review, 2005, 19, (3), 335-344
  3. World market integration through the lens of foreign direct investors
    Journal of International Economics, 2005, 66, (2), 267-295 Downloads View citations (90)
    See also Working Paper (2003)

2004

  1. Global transmission of interest rates: monetary independence and currency regime
    Journal of International Money and Finance, 2004, 23, (5), 701-733 Downloads View citations (179)
    See also Working Paper (2002)

2003

  1. ERRATUM: Real-Exchange-Rate Uncertainty and Private Investment in LDCs
    The Review of Economics and Statistics, 2003, 85, (2), 492-492 Downloads View citations (61)
  2. Real-Exchange-Rate Uncertainty and Private Investment in LDCS
    The Review of Economics and Statistics, 2003, 85, (1), 212-218 Downloads View citations (65)

2002

  1. Global Economy Quarterly, Issue 2-4
    Global Economy Journal, 2002, 3, (2-4), 1-153 Downloads
  2. Pricing currency risk under currency boards
    Journal of Development Economics, 2002, 69, (2), 367-391 Downloads View citations (27)

2001

  1. Verifying exchange rate regimes
    Journal of Development Economics, 2001, 66, (2), 351-386 Downloads View citations (59)
    See also Working Paper (2000)

2000

  1. Does income inequality raise aggregate saving?
    Journal of Development Economics, 2000, 61, (2), 417-446 Downloads View citations (42)
    See also Working Paper (1997)
  2. How Effective is Fiscal Policy in Raising National Saving?
    The Review of Economics and Statistics, 2000, 82, (2), 226-238 Downloads View citations (39)
  3. Saving in Developing Countries: An Overview
    World Bank Economic Review, 2000, 14, (3), 393-414 Downloads View citations (53)
  4. What Drives Private Saving Across the World?
    The Review of Economics and Statistics, 2000, 82, (2), 165-181 Downloads View citations (230)
    See also Working Paper (1999)

1999

  1. Saving in Mexico: The National and International Evidence
    Economía Mexicana NUEVA ÉPOCA, 1999, VIII, (2), 181-230 Downloads View citations (1)
  2. Terms-of-trade shocks and optimal investment: another look at the Laursen-Metzler effect
    Journal of International Money and Finance, 1999, 18, (3), 337-365 Downloads View citations (13)
    See also Working Paper (1995)

1998

  1. World saving: trends and theories
    Estudios de Economia, 1998, 25, (2 Year 1998), 191-215 Downloads View citations (4)

1997

  1. Irreversibility, Uncertainty and Private Investment: Analytical Issues and Some Lessons for Africa
    Journal of African Economies, 1997, 6, (3), 229-68 View citations (18)

1996

  1. Saving and Investment: Paradigms, Puzzles, Policies
    World Bank Research Observer, 1996, 11, (1), 87-117 View citations (50)

1995

  1. Capital goods imports, the real exchange rate and the current account
    Journal of International Economics, 1995, 39, (1-2), 79-101 Downloads View citations (17)
    See also Working Paper (1994)

1993

  1. Debt crisis, adjustment policies and capital formation in developing countries: Where do we stand?
    World Development, 1993, 21, (1), 127-140 Downloads View citations (20)

1992

  1. Private Investment and Macroeconomic Adjustment: A Survey
    World Bank Research Observer, 1992, 7, (1), 95-114 View citations (63)

Books

2011

  1. Lessons from NAFTA: For Latin America and the Caribbean
    IDB Publications (Books), Inter-American Development Bank Downloads View citations (13)
    Also in World Bank Publications, The World Bank (2004-11) Downloads View citations (21)
  2. Sources of Growth in Latin America: What Is Missing?
    IDB Publications (Books), Inter-American Development Bank Downloads View citations (14)

2010

  1. Business Regulation and Economic Performance
    World Bank Publications, The World Bank Downloads View citations (6)

2009

  1. Real Exchange Rates, Saving, and Growth
    World Bank Publications, The World Bank Downloads

2008

  1. Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence
    World Bank Publications, The World Bank Downloads View citations (7)
  2. Reforma fiscal y equidad social en América Latina
    Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) Downloads View citations (3)

2006

  1. Poverty Reduction and Growth: Virtuous and Vicious Circles
    World Bank Publications, The World Bank Downloads View citations (58)

2003

  1. The Limits of Stabilization: Infrastructure, Public Deficits, and Growth in Latin America
    World Bank Publications, The World Bank Downloads View citations (26)

Edited books

2011

  1. Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence?
    IDB Publications (Books), Inter-American Development Bank Downloads View citations (4)

2006

  1. The Economics of Saving and Growth
    Cambridge Books, Cambridge University Press

1999

  1. The Economics of Saving and Growth
    Cambridge Books, Cambridge University Press View citations (3)

Chapters

2015

  1. Too Poor to Grow
    Chapter 13 in Economic Policies in Emerging-Market Economies Festschrift in Honor of Vittorio Corbo, 2015, vol. 21, pp 309-350 Downloads
    See also Working Paper (2009)

2005

  1. General Equilibrium Dynamics of Foreign Shocks ans Policy Changes in Chile
    Chapter 4 in General Equilibrium Models for the Chilean Economy, 2005, vol. 9, pp 113-162 Downloads View citations (4)
    See also Working Paper

2001

  1. Una Revisión del COmportamiento y de los determinantes del ahorro en el mundo
    Chapter 2 in Análisis Empírico del Ahorro en Chile, 2001, vol. 1, pp 13-48 Downloads View citations (6)
    See also Working Paper (2001)
 
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