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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 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...
WORKING PAPERS
March 17, 2023
We study judicial in-group bias in Indian criminal courts using a newly collected dataset on over 5 million criminal case records from 2010–2018. We do find limited in-group bias in some settings where identity is salient—in particular, we find a small religious in-group bias during Ramadan, and we ...
Blog Post
March 10, 2023
In a recent piece with my colleague Mark Plant, I highlighted the financial pressures facing the IMF’s Poverty Reduction and Growth Trust (PRGT). The surge in PRGT lending during the pandemic and the continued high level of lending since then provided essential support to low-income countries (LICs)...
Blog Post
March 10, 2023
In this blog, we briefly describe India’s cost repository and how it caters to the needs of policymakers and researchers. We share examples of health system applications of the cost database and their policy implications, demonstrating the value brought about by this initiative. Finally, we conclude...
Blog Post
March 10, 2023
Improvements in priority setting can help India ensure that limited budgets have the maximum health impact. India has taken major strides towards improving EIPS, with HTAIn a successful component that has already demonstrated a good ROI. But the system has not yet reached its full potential.
Blog Post
March 03, 2023
The COVID-19 pandemic led to a deep global recession as the virus rapidly spread and governments restricted movements. The economic shock was compounded by widespread uncertainty among businesses and concerns about the risks of increasing financial sector distress limiting access to credit.
WORKING PAPERS
March 03, 2023
This paper examines the impact of the COVID-19 crisis on the reallocation of economic activity across firms, and whether this reallocation depends on the competition environment. The paper uses the World Bank’s Enterprise Surveys COVID-19 Follow-up Surveys for about 8,000 firms, including both small...
CGD NOTES
February 17, 2023
In November 2022, a two-day reunion was organized by seven former directors of USAID’s Office of Population and Reproductive Health (PRH). Participants reflected on USAID’s achievements and challenges in the field of family planning and reproductive health (FP/RH) and discussed the program’s current...
Blog Post
February 03, 2023
On November 13th, 2022, the creation of a new Pandemic Fund, hosted by the World Bank, was announced. Its mandate is ambitious: to successfully prevent, prepare and respond to emerging pathogens. This will require true collective action, and implementation of decisive and ambitious policies in as ma...