This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading...

This paper discusses the estimation of models of the term structure of interest rates. After reviewing the term structure models, specifically the Nelson-Siegel Model and Affine Term- Structure Model, this paper estimates the terms structure of Treasury bond yields for the United States with...

Tropical Cyclone (TC) Seroja impacted Timor-Leste with heavy torrential rains over a 24-hour period on April 4, 2021, with an average intensity of over 14 millimeters per hour and a peak intensity of over 70 millimeters per hour. The heavy precipitation and the country's natural topography led...

The higher-level purpose of this study is to provide information to be used to raise the ambition of Georgia's nationally determined contribution (NDCs) and to consider adaptation targets for the Black Sea coast of Georgia. The study also aims to highlight how supporting a blue economy can...

The exercise was to conduct a preliminary assessment of the damage caused by the cyclone and floods, in close coordination with the government, development partners, civil society, and other stakeholders active in the affected area,. The damage and needs assessment (DNA) also estimates the...