Once upon a time in the world of development finance, it was assumed that simply investing in developing economies was enough—that the flow…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
We estimate the equilibrium effects of a public school grant program administered through school councils in Pakistani villages with…
Emily Breza for VoxDev
March 27, 2020
In an article for VoxDev, CID Faculty Affiliate Emily Breza, Abhijit Banerjee, Esther Duflo and…
Bureaucracies often post staff to better or worse locations, ostensibly to provide incentives.
Yet we know little about whether this works…
When households increase their deposits in formal bank savings accounts, what
is the source of the money? We combine high-frequency surveys…
It has been proposed that central banks should target Nominal GDP (NGDP), as an alternative to targeting the money supply, exchange rate,…
In mid-1994, Rudiger Dornbusch and Alejandro Werner warned that Mexico was heading into a crisis. Few academic papers have been so…
We construct the topology of business networks across the population of firms in an emerging
economy, Pakistan, and estimate the value that…