Informal payments are a frequently overlooked source of local public finance in developing countries. We use microdata from ten countries…
Global Imbalances and the Financial Crisis: Products of Common Causes, Kenneth Rogoff, October 2009, Paper. "Until the outbreak of…
Large changes in fiscal policy: taxes versus spending. Alberto Alesina, October 2009, Paper. "We examine the evidence on…
The current banking crisis highlights the challenges faced in the traditional lending model, particularly in terms of screening smaller…
Something happened in late August that I never thought I would see in my lifetime. A leading policymaker in the Anglo-American empire of…
I approach the state of global currency issues by identifying eight concepts that I see as having recently “peaked” and eight more that I…
How hospitable will the global environment be for economic growth in the developing world as we come out of the present financial crisis?…
The race is on to fill the most important economic policy position in the world. United States Federal Reserve Chairman Ben Bernanke’s…