Research
Sovereign Debt Relief and Its Aftermath
This paper studies sovereign debt relief in a long-term perspective.
China's Slowdown and the Chinese Stock Market
Investors worldwide are closely watching the steep decline in China’s stock market.
International Coordination
After a 30-year absence, calls for international coordination of macroeconomic policy are back. This time the issues go by names like currency wars, taper tantrums, and fiscal compacts.
How Much Donor Financing for Health is Channeled to Global Versus Country-Specific Aid Functions?
The slow global response to the Ebola crisis in west Africa suggests that important gaps exist in donor financing for key global functions, such as support for health research and development for dise
The International Monetary Fund: 70 Years of Reinvention
A sketch of the International Monetary Fund’s 70-year history reveals an institution that has reinvented itself over time along multiple dimensions.
Urban Networks: Connecting Markets, People, and Ideas
Should China build mega-cities or a network of linked middle-sized metropolises? Can Europe’s mid-sized cities compete with global agglomeration by forging stronger inter-urban links?
Green Bonds and Land Conservation: The Evolution of a New Financing Tool
"Green Bonds" emerged as a new form of environmental financing in 2007.
Electricity Markets and the Clean Power Plan
The challenge for the nation is to develop an efficient policy for reducing carbon emissions.
Inflation and Activity – Two Explorations and their Monetary Policy Implications
We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis.
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