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…
The authors emphasize that the world urgently requires trillions of dollars to invest in climate action and biodiversity protection to keep…
This paper develops a new econometric framework to estimate and classify exchange rate regimes. They are classified into four distinct…
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Private schools provide affordable education in low-income countries. Yet, they often face higher closure rates, leading to disruption for…
With federal borrowing reaching levels not seen since World War II, Linda Bilmes reflects on the difficult arithmetic and whether political…
February 1, 2023, Opinion: "Kevin McCarthy reportedly promised many things to Republican hardliners en route to clinching his job as…
We estimate the equilibrium effects of a public school grant program administered through school councils in Pakistani villages with…
As a member of the Clinton administration in the Commerce Department from 1997 to 2001, I participated in achieving that rare balanced…
Concerns about fraud in welfare programs are common arguments worldwide against such programs. We conducted a survey experiment with over…