Click here for search results

Site Tools

Macroeconomics and Growth

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. About the program

Research Manager: Luis Serven

2011 Publications


Are Pension Funds Investing for the Long Term? New World Bank Research Shows “Not Quite”  
Feature Story, Feb. 6, 2012

* Retirees expect pension funds to bring long-term gains
* Data from Chile shows pension fund managers prefer 
  short-term investments
* Herding behavior in pension funds' investment choices  



Do Crisis Catalyze Creative Destruction? Firm -Level Evidence from Indonesia
Manufacturing data from Indonesia reject the hypothesis that the East Asian crisis improved the reallocative process.
Working Paper
 5869, Nov. 2011

 Ladies First? Firm-Level Evidence on the Labor Impacts of the East Asian Crisis
Within the same Indonesian firms, women experienced higher job losses than their male colleagues.
Working Paper
 5789, Sep. 2011
macroGross Capital Flows: Dynamics and Crises
A new characterization of the  joint behavior of international capital flows by foreign and domestic agents over the business cycle and during financial crises.
Working Paper
 5769, Aug. 2011
How Resilient Were Emerging Economies to the Global Crisis?
Contrary to popular perception, emerging market economies suffered growth collapses as large, or even larger, as those experienced by advanced economies during the crisis. But their response to the global shock also represented a break with the past.
Working Paper 
5637, Apr. 2011 


climateHow Do Governments Respond After Catastrophes? Natural-Disaster Shocks and the Fiscal Stance
Estimates of the impact of geological, climatic, and other types of natural disasters on government expenditures and revenues suggest that, on average, budget deficits increase only after climatic disasters, but for lower-middle-income countries, the increase in deficits is widespread across all events.
 Working Paper, Feb. 2011  

new template - spacernew template - spacer
new template - spacer


blue arrowIncome Risk, Income Mobility and Welfare
Working Paper 6254, October 2012
blue arrowHeterogeneity in subjective wellbeing : an application to occupational allocation in Africa
Working Paper 6244, October 2012
blue arrow

Making Up People—The Effect of Identity on Preferences and Performance in a Modernizing Society
Working Paper 6223, October 2012

blue arrowSovereign Defaults and Expropriations : Empirical Regularities
Working Paper 6218, October 2012
blue arrowHow Firms Use Domestic and International Corporate Bond Markets
Working Paper 6209, September 2012
blue arrowThe Persistence of (subnational) Fortune : Geography, Agglomeration, and Institutions in the New World
Working Paper 6187, September 2012
blue arrowWhy Follow the Leader ? Collective Action, Credible Commitment and Conflict
Working Paper 6179, August 2012
blue arrowDoes the Minimum Wage Affect Employment? Evidence from the Manufacturing Sector in Indonesia
Working Paper 6147, July 2012
blue arrowFinancial Globalization in Emerging Countries : Diversification vs. Offshoring
Working Paper 6105, July 2012

More articles and briefs 

More Working Papers

Permanent URL for this page:

Bank's Contribution to the G-20 (November 2011)

2011/12 Macro and Growth Seminar Series

Equilibrium fictions, societal rigidity, and affirmative action (April 2012)

Featured Resources
Financial Development in Latin America and the Caribbean (2011)
Innocent Bystanders : Developing Countries and the War on Drugs (2010)
Business Regulation and Economic Performance (2010)
More Books