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Macroeconomics and Growth
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Overview

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 »

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Working Papers

Partial Consumption Insurance and Financial Openness Across the World
Constantino Hevia and Luis Servén
This paper examines the extent of international consumption risk sharing for a group of 50 industrial and developing countries.
Working Paper 6479, June 2013

International Liquidity Rents
Maya Eden
When it comes to global liquidity shortages financial integration may be welfare-reducing for emerging economies
Working Paper 6462, May 2013

The Financing and Growth of Firms in China and India: Evidence from Capital Markets
Tatiana Didier and Sergio L. Schmukler
Using a unique data set on domestic and international capital raising activity and firm performance, it finds that the expansion of financial market activity since the 1990s has been more limited than what the aggregate figures suggest.
Working Paper 6401, Apr. 2013

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