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What major insights have emerged from development economics in the past decade, and how do they matter for the World Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the Development Research Group. This paper assembles a set of 13...
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This paper answers the question of whether non-strategic default improves welfare, not only for borrowers with …
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equilibrium model, with 55 overlapping generations to simulate macroeconomic and welfare impacts of alternative social security …
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on "welfare". The present paper considers the connection between "imperfect competition" and macroeconomic outcomes from … in a multi-commodity framework particularly in drawing hard and fast implications about "welfare". The investigation of …
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