We review the debate on the association of financial globalization with inequality. We show that the within country distributional impact of capital account liberalization is context specific and that different types of flows have different distributional effects. Their overall impact depends on...

This paper attempts to explain the stylized fact that support for a greater role of the state in the economy typically increased in response to major economic shocks. These effects persist over time and are strikingly consistent across three large surveys covering a uniquely wide geography....

Recent studies have highlighted the unequal labour market effects of the COVID-19 crisis in advanced economies. We contribute to this literature by drawing on a new survey of almost 40,000 adults in 14 advanced as well as emerging economies conducted in August 2020. We show that while labour...

This paper examines trade participation and innovation activities and how they are intertwined in the Middle East and North Africa region. While the level of trade participation of firms in the region is similar to other peer economies, innovation rates are particularly low. Many productive...

We exploit an extensive database on more than 32,000 greenfield projects over 2003-2020 to examine how the composition of greenfield FDI inflows into the EBRD regions has changed over time, and what this implies for employment generation, inequality and spatial disparities. Our results suggest...

Almost all countries closed schools and universities during the Covid-19 pandemic, affecting more than 90 per cent of the world’s learners. A growing literature aims to estimate the effects of these school closures on learning outcomes, future earnings and GDP. We contribute to this literature...