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Estimated dynamic models of business cycles in emerging markets deliver counterfactual predictions for the country risk premium. In particular, the country interest rate predicted by these models is acyclical or procyclical, whereas it is countercyclical in the data. This paper proposes and estimates a small open economy model of the emerging-market business cycle in which a time-varying countr...

BACKGROUND Second-generation immigrants have an increased risk of schizophrenia, a finding that still lacks a satisfactory explanation. Various operational definitions of second-generation immigrants have been used, including foreign parental country of birth. However, with increasing global migration, it is not clear that parental country of birth necessarily is informative with regard to ethn...

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A slew of highly inno vative, private local and international, socially conscious companies are starting to improve health care outcomes in southern Africa – with some garnering investor returns of between 8% and 10% on debt funds and up to 35% in equity returns. This emerged in a panel discussion entitled ‘Investing for impact’ during the Inclusive Healthcare Innovation Summit organised late l...

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