Two for-profit Philippine social enterprises, aiming to demonstrate corporate social responsibility by increasing microlending to the poor, incorporated a widely-used poverty measurement tool into their loan applications and tested the tool using randomized training content. Treated loan...

The year 2011 highlighted ongoing challenges to global food security, from food price volatility, extreme weather shocks, and famine to unrest and conflicts. On the policy front, major devel­opments at the global and national levels both offered grounds for encouragement and pointed to areas...

The year 2011 highlighted ongoing challenges to global food security, from food price volatility, extreme weather shocks, and famine to unrest and conflicts. On the policy front, major devel­opments at the global and national levels both offered grounds for encouragement and pointed to areas...

Depuis 2007, deux séries successives d’envolée des prix des denrées alimentaires ont causé la faim ou la malnutrition pour des millions de personnes dans le monde. Les mêmes facteurs qui avaient contribué à la hausse des prix en 2007-2008 ont refait surface en 2011 et...

The year 2011 highlighted ongoing challenges to global food security, from food price volatility, extreme weather shocks, and famine to unrest and conflicts. On the policy front, major devel­opments at the global and national levels both offered grounds for encouragement and pointed to areas...

Depuis 2007, deux séries successives d’envolée des prix des denrées alimentaires ont causé la faim ou la malnutrition pour des millions de personnes dans le monde. Les mêmes facteurs qui avaient contribué à la hausse des prix en 2007-2008 ont refait surface en 2011 et ont pour nom : la...

Depuis 2007, deux séries successives d’envolée des prix des denrées alimentaires ont causé la faim ou la malnutrition pour des millions de personnes dans le monde. Les mêmes facteurs qui avaient contribué à la hausse des prix en 2007-2008 ont refait surface en 2011 et ont pour nom : la...

The projected path of the U.S. national debt is the major challenge facing American economic policy. Without changes in tax and spending rules, the national debt will rise from 62 percent of GDP now to more than 100 percent of GDP by the end of the decade and nearly twice that level within 25...

Changes in fiscal policy typically entail two kinds of lags: the legislative lag--between when legislation is proposed and when it is signed into law--and the implementation lag--from when a new fiscal law is enacted and when it takes effect. These lags imply that substantial time evolves...

In this lecture, I argue that there are remarkable parallels between how monetary and fiscal policies operate on the macro economy and that these parallels are sufficient to lead us to think about transforming fiscal policy and fiscal institutions as many countries have transformed monetary...