I am among those economists who have argued that expansive fiscal policy has been missing as a lever to support recovery in advanced economies, especially in the Eurozone – see here and here.
At the same time, I have cast doubts on recent attempts of using it to prop up growth in some emerging markets – see here and here in the case of Brazil.
What did blogging at the World Bank in 2014 look like?
Currently about one billion people, or 14.5% of the world’s population, live in extreme poverty. The prospective impacts of climate change may be a serious threat to the goals of ending poverty by 2030 and promoting shared prosperity.
To enhance the understanding of such threats, a team of researchers (David Wheeler, Mainul Huq, Md. Moqbul Hossain and myself) recently analyzed the potential effects of climate change on land degradation, livelihood of poor rural households, and the responses of those households, in coastal Bangladesh. Our study focused on areas of coastal Bangladesh where the incidence of poverty is very high (both, in absolute terms as well as relative to the rest of the country), and where residents already have experienced widespread inundation and salinization of soil and water. We were looking to quantify the impacts of these events on household composition through migration decisions, and the effects they have on household economic welfare.
Landing at Paro in Bhutan involves making a question-mark shaped maneuver while dropping altitude rapidly to avoid making wing-contact with the Himalayan mountains surrounding the Paro valley where Thimphu, the capital, is also situated. A fellow passenger informs me that there are only 9 pilots in the world who are trained to make this landing. I use up one of my rare prayers to request that it be one of those flying us now. It is, I think, the infrequency of prayers that makes them so effective; our plane descends smoothly and tiptoes on to the tarmac.