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WORKING PAPERS
November 19, 2015
This paper investigates the shifts in Latin American banks’ funding patterns in the post-global financial crisis period. To this end, we introduce a new measure of exposure of local banking systems to international debt markets that we term: International Debt Issuances by Locally Supervised I...
WORKING PAPERS
October 16, 2015
Using an experimental design, we assess the feasibility of interactive voice recognition (IVR) surveys for gauging citizens’ development priorities. Our project focuses on four low-income countries (Afghanistan, Ethiopia, Mozambique, and Zimbabwe). We find that mobile phone-based approach...
WORKING PAPERS
September 16, 2015
The paper discusses three problems in measuring global poverty: (i) how to allow for social effects on welfare, recognizing the identification issues involved; (ii) the need to monitor progress in raising the consumption floor above its biological level; and (iii) addressing the longstanding concern...
WORKING PAPERS
August 31, 2015
There are two dominant narratives about taxation. In one, taxes are the “price we pay for a civilized society” (Oliver Wendell Holmes Jr.). In this view taxes are not a necessary evil (as in the pairing of “death and taxes” as inevitable) but a positive good: more...
WORKING PAPERS
August 25, 2015
To better understand the large variation in price levels between countries beyond income levels and their contribution to economies’ competitiveness in the global market, we report on a cross-country analysis of national price levels, using data on 168 economies from the most recent 2011 Inter...
WORKING PAPERS
August 21, 2015
This paper examines the redistributive impact of fiscal policy for Brazil, Chile, Colombia, Indonesia, Mexico, Peru and South Africa using comparable fiscal incidence analysis with data from around 2010. The largest redistributive effect is in South Africa and the smallest in Indonesia. While f...