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Macroeconomics and Growth
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| Growth is the essential ingredient for sustained poverty reduction. The research program focuses on identifying the contribution of policies and institutional changes to the diversity in growth and aggregate economic performance around the world. Studies are organized around three broad themes: foundations of growth, macroeconomic stability and international finance, and governance and political economy. More about the program | 
| Research Highlights 2008 | | | Macro and Financial Crisis |  | Are All the Sacred Cows Dead? Implication of the Financial Crisis for Macro and Financial Policies January 2009
This paper draws on a large body of research and country experiences to discuss the importance of incentives and tensions between short term and longer term policy responses to crisis management going forward. Digest Article | Working Paper | | How Should Developing Countries Use Fiscal Policy to Respond to the Current Crisis? Winter 2009
Developing countries considering a fiscal response to the financial crisis should heed the lessons of the past. Digest Article |Research Brief | | Developing Countries: A Strategy for Macroeconomic Stability March 2008
With financial markets being in a state of turmoil, developing countries—often vulnerable to shocks from the outside that are beyond their control—are concerned about possible threats to their own macroeconomic stability. Featured Article |
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|  | Political Incentives Driving Fiscal Policy
February 26, 2009 Stuti Khemani and Waly Wane
New results on the political determinants of fiscal policy overturn conventional wisdom, and lend themselves to innovative institutional approaches to reform. Full Text | | More Research Articles |
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| 2009 Macro and Growth Seminar Series |
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