To reinvigorate growth in Europe, European Central Bank President Mario Draghi called for more common projects in the European Union (EU). And he emphasized that these efforts need to meet a set…

Doerte Doemeland, Arup Banerji, Sanja Madzarevic-Sujster |

Understanding macroeconomic volatility part 3Read parts 1 & 2
There’s good evidence that a country’s level of financial development affects the impact of volatility on economic growth,…

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

When development practitioners such as ourselves think of poverty, the EU is not what comes to mind first. While it is true that average incomes are higher in Europe than in most regions of the…

Doerte Doemeland, Gabriela Inchauste |

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 |

Last week I was in Bucharest and attended the launch of the World Development Report (WDR) 2016: Digital Dividends. The event was co-hosted by the National School of Political and Administrative…

Marc Lixi |

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 |

Syrian refugee Yusuf holds his smartphone, which he describes as “the most important thing.” With this, he said, he is able to call his father in Syria. © B. Sokol/UNHCR If you look inside the bag…

Bassam Sebti |

Gotten a lot of requests to help this man and his daughter. Anyone know people in Beirut able to locate him? #BuyPenspic.twitter.com/KOz4mjW1rd — Gissur Simonarson CN (@GissiSim) August 25, 2015…

Bassam Sebti |

How can development practitioners promote economic development for parts of the Arab world affected by conflict and fragility? The Consultative Group to Assist the Poor (CGAP) has featured various…

Nadine Chehade, Peter McConaghy, Teymour Abdel Aziz |