Hidden Defaults
China's lending boom to developing countries is morphing into defaults and debt distress.
Research
Horrible trade-offs in a pandemic: Poverty, fiscal space, policy, and welfare
Highlights • Fighting a pandemic in poor countries may involve not just a trade-off between lives and livelihoods, but an even more horrible trade-off between lives lost due to the pandemic and lives
Is Another Food Crisis Unfolding?
Rising real food prices are an exceptionally regressive shock—both within countries as well as across them.
The Reversal Problem: Development Going Backwards: Development Going Backwards
COVID-19 deepened and accelerated a troubling trend of economic backsliding that had appeared around half a decade earlier. We call this the Reversal Problem.
The new paradigm of economic complexity
Highlights • Economic complexity offers a potentially powerful paradigm to understand key societal issues and challenges of our time. • This brief introduction to economic complexity summarizes key t
A labor market view on the risks of a U.S. hard landing
This paper uses historical labor market data to assess the plausibility that the Federal Reserve can engineer a soft landing for the economy.
A Balance-Sheet Model of Fiscal Policy in Namibia
The issue of debt sustainability has been the focus of continued theoretical and practical interest over the years.
Electronic Food Vouchers: Evidence from an At-Scale Experiment in Indonesia
We compare how in-kind food assistance and an electronic voucher-based program affect the delivery of aid in practice.
Economic Shocks and Skill Acquisition: Evidence from a National Online Learning Platform at the Onset of COVID-19
We study how large shocks impact individuals’ skilling decisions using data from the largest online learning platform in Saudi Arabia.
Subnational economic conditions and the changing geography of mass Euroscepticism: A longitudinal analysis
Existing research mainly analyzes mass attitudes towards the European Union (EU) from the national and individual-level perspective.
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