Going to a doctor for a health check-up usually involves being weighed. Weight is a useful piece of information that may indicate something about a person’s eating habits, exercise, and other behaviours. But it does not provide a sufficient basis to assess a person’s health and wellbeing.
Measuring financial development
Martin Cihák, Asli Demirgüç-Kunt, Erik Feyen, Ross Levine, 25 April 2013
The shifting geography of global value chains: Implications for developing countries and trade policy
Peter Draper, 16 July 2012
Two contradictory trends are at work in the global economy.
- First, globalisation through multinational corporation production networks continues apace.
This promotes convergence and integration. The global value chains they operate have become the world economy’s backbone.
Developing countries’ financial vulnerability to the Eurozone crisis: An event study of equity and bond markets
Joshua Aizenman, Yothin Jinjarak, Donghyun Park, Minsoo Lee, 19 May 2012
Just a few years after the US-originated global crisis, the world economy finds itself confronted with another crisis emanating from the advanced economies. The Eurozone crisis currently poses the single biggest downside risk to the global outlook.
Fiscal spending and growth: More patterns
Céline Carrère, Jaime de Melo, 17 May 2012
As the Eurozone is entering into recession, fiscal policy has moved to centre stage. The extent of austerity has been widely attacked, including by IMF staff (Cottarelli 2012), while the design of fiscal policy, namely expenditure reductions versus tax increases (Alesina and Giavazzi 2012), has also come under scrutiny.
Interest groups and government capabilities matter for financial development
Eduardo Cavallo, Carlos Scartascini, 12 May 2012
The debate on the benefits and limits of financial development has come to the fore with the global financial crisis. The fact that the epicentre of the global financial crisis was in countries with developed credit markets has led some commentators to argue that financial development may have gone too far.
Coping with loss: The impact of natural disasters on developing countries' trade flows
Jorge Andrade da Silva, Lucian Cernat, 9 February 2012
The European Commission has recently published its Trade and Development Communication, which underlines trade as one of the key drivers to support development, stimulate growth, and lift people out of poverty.
Lifting the curtain on corruption in developing countries
Benjamin Olken , Rohini Pande, 21 January 2012
In recent years, innovations in methodology have sparked a remarkable expansion in economists’ ability to measure corruption.
Special economic zones: What have we learned?
Thomas Farole, 28 September 2011
It is more than 50 years since the establishment of the first modern special economic zones. But it is only relatively recently, particularly since the 1990s, that their popularity as a policy instrument has taken off.
Trade adjustment costs in developing countries
Bernard Hoekman, Guido Porto, 18 June 2010
Completing the Doha Round and developing countries
Sübidey Togan, 28 April 2011
The aim of economic activity is to generate wealth through high but sustainable growth in real income per-capita. Views on market-oriented policies to achieve this aim have converged recently into a set of policy principles known as the “Washington Consensus” and later revised as the “Post-Washington Consensus.”
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Rethinking macroeconomic policyBlanchard
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013
Reichlin, Turner, Woodford
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí