Cesar Calderon is a Lead Economist in the Chief Economist Office of the Africa Region at the World Bank. He holds and M.A. and a Ph.D. in Economics from the University of Rochester. Before joining the Bank, he was a Senior Economist at the Research Department of the Central Bank of Chile. He was worked on issues of growth and development —especially, the growth effects of infrastructure development and outward-oriented strategies. He has also worked on issues of capital flows and their link to financial imbalances. He is currently working on drivers of capital flows, macroeconomic vulnerabilities, and the microeconomics of aggregate productivity in Sub-Saharan Africa.