Macroeconomics and Fiscal Management

Given the growing connectivity between firms through global value chains, trade policy can be an important determinant of resilience. Our new research tests whether a country's trade policy…

Massimiliano Calì, Devaki Ghose, Michele Ruta, Angella Faith Montfaucon|

This is the fourth and final blog in a series about how countries can correct course and make progress in global poverty reduction. It identifies key lessons from the pandemic for protecting the…

Ruth Hill, Yeon Soo Kim, Ben Brunckhorst|

This blog dives into the quest to understand the gap in total factor productivity between advanced and developing economies. It revisits the missing middle hypothesis by taking advantage of…

Kaleb Abreha, Xavier Cirera, Elwyn Davies, Roberto N. Fattal Jaef, Hibret Maemir|

In these challenging times marked with inflation, climate change, pandemics, and geo-political tensions, one should be concerned with the situation of the poorest economies, in Africa notably. And…

Tewodros Asmamaw Dessie, Sébastien Dessus|

According to the latest Global Economic Prospects report, global growth will slow from 2.9 percent in 2022 to 1.7 percent in 2023. The outlook has several downside risks, including the possibility…

Jeetendra Khadan, Sam Hill|
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Macroeconomics and Fiscal Management