Experimental evidence from Pakistan shows distance poses a large and discontinuous access constraint: women with village-based training…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
Cost of borrowing will probably stay elevated for foreseeable future, making it harder for governments to service debts.
We discuss the considerable literature that has developed in recent years providing rigorous evidence on how industrial policies work. This…
Despite the confidence with which many analysts proclaim that a severe recession is inevitable, there is no reason to assume that the US…
Industrial policy has for a long time raised difficult questions for policymakers to unpick. What justifications are there for government…
Throughout history, economic ideology has swung from one end of the pendulum to the other, from the reification of markets to reliance on…
Designing public transport networks involves tradeoffs between extensive geographic coverage, frequent service on each route, and relying…
The United States’ debt-to-GDP ratio, which improved during the inflationary spike of 2021-22, is expected to increase as inflation cools…
Development debates frequently focus on making economic growth sustainable or ensuring that natural resources are used sustainably; such…