Countries are making more active use of macroprudential tools than in the past with the goal
of improving the resilience of their broader financial systems. A growing body of evidence …

Based on a sample of 76 develo** countries over 1990–2019, we assess the effect of
adopting mobile money on consumption volatility using entropy balancing. We reveal that …

We show that macroprudential regulation significantly dampens the impact of global
financial shocks on emerging markets. Specifically, a tighter level of regulation reduces the …

Abstract Given Pacific Alliance (PA) countries' dependence on the external sector amidst
volatile global financial conditions and increased trade openness, it is important to …

The global spread of COVID-19 represents a massive challenge for develo** countries.
Beyond the health crisis and the sudden stop of domestic economic activities, many …

Understanding the sources of inflation persistence is crucial for monetary policy. This paper
provides an assessment of the influence of inflation expectations' anchoring on the …

Macroeconomic costs of conflict are generally very large, with GDP per capita about 28
percent lower ten years after conflict onset. This is overwhelmingly driven by private …

In this paper, we investigate the link between windfall gains and losses of income
associated with commodity exports and economic performance in a panel of 45 sub …

This paper uses the onset of COVID-19 to examine how countries construct their policy
packages in response to a severe negative shock. We use several new datasets to track the …

This paper explores the macroeconomic impact of social unrest, using a novel index based
on news reports. It shows that unrest has an adverse effect on economic activity, with GDP …