Growth in Emerging East Asia accelerated to reach 8.1 percent in 2006. This was the strongest pace of economic expansion in the last ten years and a fitting commemoration of the decade that has passed since the start of the Asian financial crisis in 1997. The region's accomplishments in...

This paper provides empirical evidence for the Keynesian demand-driven propagation: initial rounds of job losses lead to additional rounds of job losses. The paper shows that U.S. counties with higher pre-existing exposure to tradable industries experienced larger job losses in non-tradable...

This paper analyzes the impact of the 2012 crisis in Mali on internally displaced people, refugees and returnees. It uses information from a face-to-face household survey as well as follow-up interviews with its respondents via mobile phones. This combination was found to present a good and...

This paper explores the spillover effects of job losses via input linkages during the Great Recession. Exploiting exogenous variation in tradable employment shocks across U.S. counties, the paper finds that job losses in the tradable sectors cause further job losses in local supporting services....

This note looks specifically at how the government used Public Finance Management (PFM) policies to help address the enormous short-term challenges of a fragile situation in the aftermath of the 2006 crisis. The government capitalized on a rapid increase in oil revenues and through...

Strong poverty reduction in Latin America resumed with the growth rebound in 2010, as both moderate and extreme poor households benefitted from the recovery, accelerating poverty reduction to rates similar to those witnessed between 2003-2006 despite a 2.8 percent decline in Gross Domestic...