Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging...

Food prices are generally excluded from measures of inflation most closely watched by policymakers due either to their transitory nature or their higher volatility. However, in lower income countries, food price inflation is not only more volatile but also on average higher than nonfood...

There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature assessing the effect of rising food prices on the poor. This paper attempts to combine these strands by dividing inflation into food and nonfood inflation and assessing whether...

The paper argues that the familiar pro-enlargement arguments deserve a critical examination. It investigates the impact of enlargement on British business; on the prospects for EU reform; and on the accession states themselves. From each perspective, the study finds that the supposed benefits of...

How does law change society? In the rational actor model, law affects behavior only by changing incentives and information -- the command and coordination function of law. Under the view that humans are social animals, law is also a guidepost for social norms that regulate behavior -- the...

Misreporting is a well-known challenge for researchers in social sciences. This issue is especially prevalent if incentives for misreporting exist, for example, to claim certain benefits or hide illegal behavior. Internally displaced persons are a population that is highly dependent on aid...

All over the world, people are prevented from participating fully in society through mechanisms that go beyond the structural and institutional barriers identified by rational choice theory (poverty, exclusion by law or force, taste-based and statistical discrimination, and externalities from...