The devastating environmental effects of deforestation and the exploitation of other natural resources in the developing world have been well documented, yet their impact on local communities has received far less attention. This report looks at how land degradation and deforestation are being...

Market liberalization, though an important element in economic reforms in developing countries in the past two decades, has been accused of harming the poor through higher food prices, layoffs in formerly state-owned enterprises, and the erosion of social safety net programs. Since the 1980s...

Differences and similarities in the development paths taken by six East Asian economies (Indonesia, Malaysia, Philippines, Thailand, South Korea, and Taiwan) provide a fertile ground for policy analysis from which important lessons are drawn and major challenges identified for the Indochinese...

The marketing and policy research on rice of the International Food Policy Research Institute (IFPRI) is described, and the conclusions and recommendations are discussed in the context of the decisionmaking processes in Viet Nam. The role of IFPRI's publication and communications in informing...

In February 1987, the Government of Pakistan (GOP) abolished the wheat ration shop system. Started as a food rationing program during World War II in colonial India, it had degenerated by the 1980s into a wasteful corrupt system that failed to reach the poor. Why did it take so long for this...

This paper develops a dynamic stochastic general equilibrium model with nominal rigidities, capital accumulation and finite lifetimes. The framework exhibits intergenerational wealth effects and is intended to investigate the macroeconomic implications of fiscal policy, which is specified by...

The monetary integration of the acceding countries will proceed in several distinct steps, starting with membership in the European Union (EU), followed by participation in the so-called Exchange Rate Mechanism (ERM) II and ultimately entry into the euro area. This paper addresses the question...

Using vector autoregressions on U.S. time series for 1957-1979 and 1983-2004, we find government spending shocks to have stronger effects on output, consumption, and wages in the earlier sample. We try to account for this observation within a DSGE model featuring price rigidities and limited...

We introduce a specification of habit formation featuring non-separability between consumption and leisure into an otherwise standard New Keynesian model. The model can be estimated with standard Bayesian techniques and the bond pricing implications are evaluated using higher-order...