CGD Policy Blogs
This weekend, the dignitaries of public finance gathered in Washington for the annual meetings of the World Bank and IMF. On Monday morning, the U.S. Bangladesh Advisory Council and the Trade, Aid, and Security Coalition, and the Asia Society took advantage of the presence of Bangladesh's finance minister, A.M.A. Muhith, and central bank governor, Atiur Rahman, hosting them for a public discussion.
I suppose it is a measure of the power of randomized trials (RCTs) that arguments about their pros and cons continue to ricochet in the blogosphere. A fortnight ago, Philip Auerswald at The Coming Prosperity posted under the title, "Why Randomized Controlled Trials Work in Public Health...and Not Much Else." He elicited a high-quality comment stream.
One task of chapter 6 of Due Diligence is to inventory econometric bugaboos, reasons you shouldn't trust most of the published studies of the impact of microfinance. For example:
OK, even if it's not quite what it seems, this is pretty darn cool. (Tip: turn off the sound.)
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The idea of helping the poor by giving them loans goes way back. This video spectacularly highlights one novelty in the modern wave: cross-border flows.
Hat tip to @viewfromthecave.