Understanding Macroeconomic Volatility: Part 2 The fact is that a government can soften a recession by increasing spending (the counter-cyclical approach) to raise demand and output. If government…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Volatility in financial markets gets wide attention in the public eye. Less noticed is what we in the development world call macroeconomic volatility—faster-than-desired swings in the broad forces…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Corruption continues to plague customs administrations around the world regardless of their level of development and despite intense public attention. Recent high profile cases in many first world…

Gerard McLinden, Miles McKenna |

A major factor holding back African development is the time it takes to transport goods within the continent. Though road conditions are poor in much of Sub-Saharan Africa, research has shown that…

Gael Raballand, Julia Oliver |