Trying to reduce federal budget deficits by increasing the efficiency of federal operations is an appealing idea. However, greater…
In the United States, massive fiscal expansion during the pandemic protected households and helped to return output and unemployment nearly…
Growing up an only child in China at the end of the 20th century, Associate Professor of Public Policy at Harvard Kennedy School and CID…
Once upon a time in the world of development finance, it was assumed that simply investing in developing economies was enough—that the flow…
This paper shows that China's lending boom to developing country sovereigns has largely ended and that debt distress and defaults are…
The global economy has witnessed great economic volatility in the first two decades of the 21st century. Yet over this period, and in…
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the…
Concerns about fraud in welfare programs are common arguments worldwide against such programs. We conducted a survey experiment with over…
This paper employs an updated algorithm and database for classifying exchange rate and anchor currency choice, to explore the evolution of…
To understand the possible trajectory of inflation in 2022 and beyond, it is helpful to understand why the United States and Europe had so…