Ideas to action: independent research for global prosperity
Research
Innovative, independent, peer-reviewed. Explore the latest economic research and policy proposals from CGD’s global development experts.
POLICY PAPERS
May 13, 2024
CGD NOTES
May 23, 2024
CGD NOTES
May 31, 2024
TESTIMONY
May 16, 2024
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Research
WORKING PAPERS
February 21, 2023
Immigration policy can have important net fiscal effects that vary by immigrants’ skill level. But mainstream methods to estimate these effects are problematic. Methods based on cash-flow accounting offer precision at the cost of bias; methods based on general equilibrium modeling address bias with ...
CGD NOTES
November 21, 2022
Spain’s relationship with Latin America can be mutually beneficial or stale and insignificant. Now, the timing is right for Spain to launch new strategies and a new framework of bilateral, multilateral, and multiregional engagement with the region, in which Spain should embrace its dual role as brid...
CGD NOTES
November 16, 2022
Inflation has become a central feature of the global economy. In Latin America (aside from idiosyncratic cases such as Argentina and Venezuela, where high inflation rates have long been the norm), inflation began to rise the first half of 2021, at the same time it did in the US. The fact that risin...
CGD NOTES
November 07, 2022
The assignment is clear. During this year’s Annual Meetings of the IMF and World Bank, shareholders instructed the World Bank to develop a work program for its own evolution (“to identify gaps in the Bank’s current institutional and operational framework…”) by the end of the year. Secretary Yellen l...
BRIEFS
October 11, 2022
We are living in a time when many countries face heightened debt vulnerabilities. There is no international bankruptcy mechanism for countries that default on their external obligations. The objective of the international financial architecture—historically overseen by the IMF and its shareholders— ...
POLICY PAPERS
September 20, 2022
While all corners of the world have been touched by COVID-19, countries’ experiences with the virus have certainly not been universal. Staggering divergences in outcomes between countries—in terms of lives lost, economic carnage, secondary health losses, learning loss, and social trust and cohesion,...
CGD NOTES
July 20, 2022
Multilateral development bank policy-based guarantees (PBGs) have long been an instrument in search of demand. First introduced in 1999 at the International Bank for Reconstruction and Development to help governments access market borrowing at attractive rates, their track-record has been uneven, an...