The paper investigates the relevance of the exchange rate on the reaction function of the central banks of 24 emerging market economies for the period 2000Q1 to 2015Q2. This is done by first employing fixed-effects ordinary least squares and then system generalized method of the moments...

The global financial crisis and its aftermath have triggered extraordinary policy responses in advanced countries. The impacts of these policy responses-from asset price bubbles to currency depreciations-have often been felt in the developing world. As tapering talk evolves into actual...

This paper establishes a simple theory-based real exchange rate (RER) Misalignment Index for countries around the world from 1950-2014, and shows that South Africa's RER has been undervalued over the last decade. For the most recent year of 2014, depending on the proxy for productivity, it is...

This report captures ways in which policy makers and senior officials in railway organizations from emerging economies can accelerate modal shift to rail. Such officials, as well as the general public, aspire for more freight to be moved by rail. The environmental and societal benefits of such a...

The Atlas of Sustainable Development Goals 2018 is a visual guide to the trends, challenges and measurement issues related to each of the 17 Sustainable Development Goals. The Atlas features maps and data visualizations, primarily drawn from World Development Indicators (WDI) - the World Bank's...

Food safety hazards are increasingly being recognized as a major public health problem worldwide, yetamong developing countries, there is limited understanding of the wider-ranging socio-economic costs ofunsafe food and the benefits of remedial or preventative measures. This limited evidence...

This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and...

Recognizing that services affect the ability of countries and their firms to compete on international markets, the World Bank's Trade and Regional Integration Unit has developed an extensive work program to promote the performance of countries' domestic services sectors, including services...

"This book documents frontier knowledge on the drivers of agriculture productivity to derive pragmatic policy advice for governments and development partners on reducing poverty and boosting shared prosperity. The analysis describes global trends and long-term sources of total factor...

The Employer Survey Snapshot features a descriptive analysis of the data collected during the first two waves of the Skills Towards Employment and Productivity (STEP) Employer Surveys. Key objectives of the Snapshot are (1) to explain the motivation and relevance behind the implementation of...