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Economists use micro-based and macro-based approaches to assess the macroeconomic return to population health. The macro-based approach…
This paper studies people’s understanding of inflation–their perceived causes, consequences, trade-offs–and the policies supported to…
June 2024, Opinion: "Countries could better address the world’s economic challenges with help from the IMF’s global reserve asset.…
Martin Wolf begins The Crisis of Democratic Capitalism by observing: “As the Cold War ended, in 1989, many agreed … that the Western…
Economic development is a path-dependent process in which countries accumulate capabilities that allow them to move into more complex…
We study sovereign external debt crises over the past 200 years, with a focus on creditor losses, or “haircuts”. Our sample covers 327…
This paper investigates the economic and social consequences of sovereign default on external debt. We focus on the crises’ impact on real…