of non-linearities during episodes of depreciation greater than 10 and 20 percent. More specifically, we find that, after …

imported inputs more expensive. A 10 percent real depreciation would increase growth of nontraditional sectors in Latin America …This papers explores the effects of real exchange rate depreciations on growth across sectors, identifying export, cost …-in-difference methodology. Sectors that export more to begin with, grow relatively more in response to a depreciation. The same is true of …

This paper assesses the impact of climate-related disasters on medium-term growth and analyzes key structural areas … negative impact on medium-term growth, especially for sub-Saharan Africa; and (ii) a disaster's intensity matters much more …

After impressive growth in the 2000s, China's productivity has more recently stagnated. We use firm-level data to …'s business dynamism. We show that (i) the revenue share of young firms has declined, (ii) the life-cycle growth of young firms … relative to older incumbents has slowed, (iii) weaker life-cycle growth can be explained by slower productivity growth and …

growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important …, especially with constrained scope for fiscal and monetary stimuli. Reforms could boost per capita growth by an additional 0 ….3-1.3 percentage points, relative to the 1.9 percent average since 2010. Such growth would reduce per capita income doubling time from …