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Blog Post
September 19, 2023
September’s crisp fall weather is arriving, and with it, another annual United Nations General Assembly (UNGA), with thousands of people descending upon New York, buzzing about what should be the world’s priorities and objectives.
Fortunately, the world already has a set of #goals that were deve...
Blog Post
August 22, 2023
A recent, thought-provoking blog by our colleague, Justin Sandefur, titled “How Economists got Africa’s AIDS Epidemic Wrong”, has sparked a debate about the historical role of cost-effectiveness analysis in assessing the investments of the President's Emergency Plan for AIDS Relief (PEPFAR) and, imp...
CGD NOTES
August 18, 2023
The World Health Organization (WHO) declared the end of the Public Health Emergency of International Concern (PHEIC) for COVID-19 on May 5 and for mpox on May 11, 2023. Throughout its use, the meaning of the PHEIC has been muddled. We call for a new, objective epidemic scale that better communicates...
Blog Post
May 23, 2023
The past year has been challenging and turbulent for many frontier markets in Africa. In 2022, African economies met headwinds of inflation, the aftermath of the COVID-19 pandemic, and sovereign debt challenges. This led to a decrease in demand for African goods and services, as well as reduced inve...
Blog Post
May 15, 2023
Next week, the World Health Assembly (WHA) is considering two key resolutions, one on oxygen supply and another on emergency and critical care. Together, these resolutions represent an acknowledgement of a major lesson from the COVID pandemic: delivery of rapid care for the critically ill, including...
Blog Post
April 26, 2023
The COVID-19 pandemic caused a sharp reduction of economic activity in the first months of 2020, which negatively affected the revenues, liquidity, and, potentially, the solvency of many firms. In response to this crisis, the European Central Bank (ECB) announced the Pandemic Emergency Purchase Prog...
WORKING PAPERS
April 26, 2023
This paper finds that shareholders of highly leveraged firms benefit relatively less compared to bondholders from the corporate quantitative easing (QE) announcements by the European Central Bank and the Bank of England in March 2020, as evidence of debt overhang. Firms more heavily impacted by the ...
Blog Post
April 24, 2023
That said, there are reasons to doubt that a declining working age population would have a long-term effect on prices. They are based on an argument that economists have long made when it comes to migration into economies where the domestic labor force was still expanding, termed the “lump of labor ...
Blog Post
April 20, 2023
Last week in DC was busy with the World Bank and IMF spring meetings, the Consortium of Universities in Global Health (CUGH) 2023 Annual Conference, and other events including the first UN-hosted Asia-Pacific Civil Registration & Vital Statistics (CRVS) Research Forum. Amidst a flurry of events on g...