More than 13% of the global burden of disease for mental disorders is due to neuro psychiatric disorders, and over 70% of this burden lies in low- and middleincome countries. Suicide is one of the leading causes of death globally for all ages. Despite this burden, mental illness has thus far not...

We use a new and large panel dataset of household income to shed light on the permanent versus transitory nature of rising inequality in individual male labor earnings and in total household income, both before and after taxes, in the United States over the period 1987-2006. Due to the quality...

This paper examines the effect of U.S. food aid on conflict in recipient countries (these include Asian countries like Afghanistan, Sri Lanka). To establish a causal relationship, time variation in food aid is exploited which is caused by fluctuations in U.S. wheat production together with...

Firmly-anchored inflation expectations are widely viewed as playing a central role in the successful conduct of monetary policy. This paper presents estimates of trend inflation, based on information contained in survey expectations, the term structure of interest rates, and realized inflation...

The key elements of effective central banking that account for much of the improvement in monetary policy around the world today are outlined and explained. The past quarter of the century has been a revolutionary period in which the world emerged from great inflation and output instability into...

This essay draws on the work of the Center for Global Development’s Study Group on U.S. Development Strategy in Pakistan and on the ideas in the group’s open letters to Ambassador Richard Holbrooke to present five recommendations for spending aid money well in Pakistan. [CGD Essay].

This paper argues that the Republic of Korea (hereafter Korea) is not immune to global crises, but that a more than proportional response of gross domestic product to global crises does not seem to be the general case either. Along this line of reasoning, Korea’s extreme response to the...