Credibility and transparency are at the core of the current debate about exchange rate regimes. The steady growth in the magnitude and variability of international capital flows has complicated the question of whether to use floating, fixed, or intermediate exchange rate regimes. Emerging market...

The authors assess the impact of Argentina's main social policy response to the severe economic crisis of 2002. The program aimed to provide direct income support for families with dependents, for whom the head had become unemployed due to the crisis. Counterfactual comparisons are based on a...

Longitudinal patterns of child development and socioeconomic status are described for a cohort of children in Madagascar who were surveyed when they were 3-6 and 7-10 years old. Substantial wealth gradients were found across multiple domains: receptive vocabulary, cognition, sustained attention,...

This paper experimentally evaluates a large-scale and low-cost parenting program targeting poor families in Chile. Households in 162 public health centers were randomly assigned to three groups: a control group, a second group that was offered eight weekly group parenting sessions, and a third...

Labor-intensive public works programs are important social protection tools in low-income settings, intended to supplement income of poor households and improve public infrastructure. In this evaluation of the Malawi Social Action Fund, an at-scale, government-operated program, across- and...

This paper studies an innovative welfare program in Chile that combines a period of frequent home visits to households in extreme poverty, with guaranteed access to social services. Program impacts are identified using a regression discontinuity design, exploring the fact that program...

Parents play a crucial role in the promotion of early childhood development, and understanding parental perceptions of early childhood development may help enhance parental investments early in life. To explore this question, caregivers were asked to rank their child's intelligence in comparison...

"Shared prosperity" has become a common phrase in the development policy discourse. This short paper provides its most widely used operational definition -- the growth rate in the average income of the poorest 40 percent of a country's population -- and describes its origins. The paper discusses...

This paper provides evidence of the effects of a large-scale intervention that focuses on the quality of nutritional and child care inputs during the early stages of life. The empirical strategy uses a combination of double-difference and weighting estimators in a longitudinal survey to address...

One important concern of governments in developing countries is on how to phase-out large safety nets programs. This paper evaluates the short run effects of one possible exit strategy, programs that promote self-employment, in Argentina. We provide evidence that a small fraction of...