Macroeconomics & Growth

A cap on corporate loan interest rates in Bangladesh led to an increase in lending–without rationing credit to riskier borrowers–indicating banks have substantial upfront market power. What are the implications for interest rate regulation in develop...

Valuation changes are crucial for understanding countries’ external positions. We analyse whether emerging market economies benefit from risk-sharing in the international monetary system through the valuation channel.

Although US tariffs on Chinese exports were intended to support domestic industries, evidence suggests that the tariff burden may have fallen largely on US consumers, as opposed to Chinese exporters. Chinese exporters also experienced a decline in de...

How will artificial intelligence and geopolitics shape the future of international development?

Industrial policy prioritises growth in specific sectors. Yet there is little agreement about how to target sectors in practice, especially in developing countries, and many argue that governments cannot pick winners. So, how have governments’ export...

The global environment for development has changed, so development policies should change too. This podcast looks back at predictions from 2018, and discusses what the current geopolitical situation means for future growth policy.

What is the problem with relying exclusively on rigorous evidence? Is economic growth essential for human well-being?

The internet’s impact on developing countries has been profound, though uneven. Policy will play a crucial role in ensuring that the gains from connectivity are widely shared, and governments must invest in infrastructure and promote digital literacy.

Members of the 'Network of Chief Economists of Development Agencies and Finance Institutes' explore how we can unlock progress on the big issues for global development in 2025.