Ideas to action: independent research for global prosperity
Does SDR Recycling Impair Reserve Management?
November 14, 2023
Improving School Management of Violence in Peru
November 22, 2023
The Dilemma of the African Development Bank: Does Governance Matter for the Long-Run Financing of the MDBs? - Working Paper 498
November 29, 2018
Does governance matter for the long-run financing and effectiveness the multilateral development banks? Does their system of weighted voting matter for their long-run access to financing and their effectiveness as development institutions? Does the voting structure involve some tradeoff between the ...
Expanding Global Liquidity Insurance: Myths and Realities of the IMF’s Precautionary Credit Lines - Working Paper 449
February 28, 2017
This paper addresses four misconceptions (or ‘myths’) that have likely played a role in the limited utilization of the IMF’s two precautionary credit lines, the Flexible Credit Line (FCL) and the Precautionary and Liquidity Line (PLL). These myths are 1) too stringent qualific...
The Median Is the Message: A Good-Enough Measure of Material Well-Being and Shared Development Progress - Working Paper 351
January 23, 2014
We argue that survey-based median household consumption expenditure (or income) per capita be incorporated into standard development indicators, as a simple, robust, and durable indicator of typical individual material well-being in a country.
The Strugglers: The New Poor in Latin America? - Working Paper 337
August 08, 2013
In this paper we identify a group of people in Latin America and other developing countries that are not poor but not middle class either. We define them as the vulnerable “strugglers”, people living in households with daily income per capita between $4 and $10 (at constant 2005 PPP doll...
A Note on the Middle Class in Latin America - Working Paper 303
August 08, 2012
In this paper, Nancy Birdsall sets out basic information on the growing middle class in Latin America and the Caribbean and provides grounds for optimism that such expansion might reinforce the inclusive politics that sustain broadly shared growth.
The Washington Consensus: Assessing a Damaged Brand - Working Paper 213
May 18, 2010
Nancy Birdsall, Augusto de la Torre, and Felipe Valencia Caicedo analyze the Washington Consensus, from its early beginnings to failure as a reform agenda.
Payments for Progress: A Hands-Off Approach to Foreign Aid - Working Paper 102
December 04, 2006
The aid business has long grappled with the trade-off between showing results and supporting a country's own institution-building. Donors want to be sure that their money makes a difference, and often quickly. But close monitoring raises costs and pushing for quick results leads to projects that byp...