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WORKING PAPERS
June 12, 2024
Latin America is often regarded as an “economic failure,” a region prone to crises, with high inflation and other symptoms of macroeconomic instability. But that picture is largely one of the past. Analyzing six areas of macroeconomic management and eight macroeconomic outcomes, this paper shows the...
Blog Post
June 05, 2024
Addressing the unprecedented levels of irregular migration requires a fundamental shift in understanding the problem: People come whenever there are jobs to be filled in the American economy. It is true today, and it has been true for decades. That is main finding from my new study analyzing nearly ...
WORKING PAPERS
June 05, 2024
This study investigates the link between Southwest US border crossings and labor market tightness, measured by the job openings to unemployed ratio, over nearly 25 years (2000–2023). Analyzing monthly data, it finds a strong positive correlation, suggesting that increased border crossings align with...
Blog Post
December 14, 2023
The US labor market has changed a lot since 1991, but the federal list of shortage occupations, which impacts employers and immigrant workers alike, has not. Now, for the first time in decades, the US Department of Labor (DOL) will soon be seeking information on how the Schedule A shortage occupatio...
Blog Post
October 05, 2023
A year ago, the International Monetary Fund (IMF) announced that an alarming 60 percent of developing countries and 25 percent of emerging market economies were either in debt distress or at severe risk of default. The confluence of severe shocks in the period 2020-22, starting with the COVID-19 pan...
WORKING PAPERS
October 05, 2023
This paper uses a straightforward Resilience Indicator, constructed from a small set of economic and institutional variables, to show that by 2019, prior to the COVID-19 pandemic and subsequent global shocks, it was possible to identify emerging markets and developing countries that would encounter ...
CGD NOTES
March 16, 2023
The the wake of the Silicon Valley Bank collapse, bank regulators and supervisors in emerging markets should be looking closely at their own banking systems with lessons from Silicon Valley in mind. For most emerging markets, where previous banking crises were devastating and turned back the clock o...
Blog Post
March 03, 2023
The COVID-19 pandemic led to a deep global recession as the virus rapidly spread and governments restricted movements. The economic shock was compounded by widespread uncertainty among businesses and concerns about the risks of increasing financial sector distress limiting access to credit.
WORKING PAPERS
March 03, 2023
This paper examines the impact of the COVID-19 crisis on the reallocation of economic activity across firms, and whether this reallocation depends on the competition environment. The paper uses the World Bank’s Enterprise Surveys COVID-19 Follow-up Surveys for about 8,000 firms, including both small...