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Blog Post
February 26, 2024
As policymakers and financiers set their priorities for 2024, we gathered a group of experts who've been working on pandemics and pandemic financing from a range of perspectives including epidemiology, economics, insurance, policy, and advocacy. The purpose of our event was to map out the next steps...
Blog Post
January 11, 2024
More than 60 countries have data localization measures in place that restrict or prohibit the flow of certain types of data across their borders to other jurisdictions. A new CGD working paper by David Medine makes clear that these restrictions may have their greatest impact on smaller economies inc...
WORKING PAPERS
January 11, 2024
Localization is usually the wrong answer to legitimate data policy issues. As a result, data transfer restrictions wind up imposing unnecessary costs on providers, such as banks, which effectively serves as a tax which is either passed along to the poor or, even worse, makes it uneconomical for firm...
Blog Post
October 25, 2023
A couple of years ago I joked that many development economics papers could be summarized by simply saying “schools: they’re good!”—or as an economist might put it, “the returns to education are positive.” Papers documenting the benefits of education have been at the core of development economics for...
Blog Post
October 12, 2023
The vast majority of out-of-school children around the world live in rural areas. For children who live in rural areas and who are enrolled in school, they are less likely to finish primary school or to transition to secondary school. They score worse on tests. Less educational attainment and lower ...
Blog Post
August 01, 2023
There’s a lot out there on how to improve educational outcomes in low- and middle-income countries. On the one hand, one may be tempted to lean into Finnish education scholar Pasi Sahlberg’s critique: “There are so many ‘facts’ now available about how to fix education, that anyone…can easily gravita...
Blog Post
April 26, 2023
The COVID-19 pandemic caused a sharp reduction of economic activity in the first months of 2020, which negatively affected the revenues, liquidity, and, potentially, the solvency of many firms. In response to this crisis, the European Central Bank (ECB) announced the Pandemic Emergency Purchase Prog...
WORKING PAPERS
April 26, 2023
This paper finds that shareholders of highly leveraged firms benefit relatively less compared to bondholders from the corporate quantitative easing (QE) announcements by the European Central Bank and the Bank of England in March 2020, as evidence of debt overhang. Firms more heavily impacted by the ...