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Fiscal Policy: Cycle and Space Matter

Otaviano Canuto's picture

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. 

Measuring poverty dynamics without (actual) panel data: Could we square the circle?

Hai-Anh H. Dang's picture
Motivated by the success of the Millennium Development Goal that saw the global poverty rate in 1990 halve before 2015, the international community has multiplied its efforts to reduce poverty further. For example, the World Bank recently raised the bar by proposing that the global extreme poverty rate be reduced to 3 percent or less by 2030. This ambitious goal would no doubt require stronger efforts by all stakeholders on every battle front of poverty reduction, including the (perhaps less glorious) one of poverty measurement. 

The big economic view, Brazil, the utility of economists, slow trade, and consumption floors

LTD Editors's picture
Following a disappointing 2014, developing countries should see an uptick in growth this year, according to the latest Global Economic Prospects report. But low oil prices and a stronger US economy will not be enough to counter renewed bouts of financial market volatility and worries about diverging monetary policies across major central banks. On top of that, measures are needed to recover fiscal space in developing countries.

The Hidden Dimensions of Poverty: Prospective Impacts of Climate Change on Land Degradation and Rural Livelihoods in Bangladesh

Susmita Dasgupta's picture

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.  

Bhutan – Development Economics in the Himalayas

Kaushik Basu's picture

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.

What do we know and why should we care about child development?

Jo Boyden's picture
Empirical evidence from across the globe demonstrates that the foundations for human development are laid down in early childhood, the first thousand days after conception being the most crucial for determining later outcomes. The circumstances an individual experiences during this period make a huge difference to their later development. This raises significant concerns about the countless children throughout the world who are born into poverty, despite the strong performance of many economies in recent years.

Fear of Flying (or Sailing)? Pricing International Aviation and Maritime Emissions

Jon Strand's picture

Note from Let's Talk Development Editors: Co-authors Michael Keen and Ian Parry were not mentioned in an earlier version of this blog post, this has been corrected.

The central focus of climate talks that concluded last year in Lima has been on building wide agreements to restrict national emissions of greenhouse gases. But some important emissions are hard to allocate to individual nations: Those from international aviation and shipping. These currently constitute about 4% (and rising) of global carbon emissions, and are subject to almost no charges. This current state reflects heavy resistance to such charges, from industry and many governments, but also tax competition: Taxing these sectors by any one country can be hard due to their geographic mobility and international nature. 

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