Macroeconomics and Growth

The following big questions guide the Macroeconomics and Growth Research work program:

1) What are the determinants of macroeconomic outcomes (especially growth)? How are those outcomes linked to institutions and resource allocation at the micro level?

2) What is the role of governments in raising and allocating resources? What should governments do over the long run and in response to shocks?

The work program is organized around the following interrelated areas:

Growth: Macro, regional (local), sectoral, firm growth; labor markets and human capital
Firms and Aggregate Outcomes: Allocation of production and finance; competition
Public economics/public finance: Domestic revenue mobilization, taxation, debt; government spending (fiscal policy, infrastructure, procurement); governance and institutions
International economics: International and domestic financial markets; exchange rates and monetary policy; globalization

FEATURED RESEARCH

2023 Tax Conference on The Political Economy of Public Finances

6th World Bank/IFS/ODI Public Finance Conference: Driving Progress: Public Finance and Structural Transformation

Washington, DC and Online, September 26-27, 2024

5th World Bank/IFS/ODI Tax Conference: The Political Economy of Public Finances | 4th World Bank Tax Conference: Global Tax Equity

DaTax: A Lab to Study Taxes, Firms and Jobs using Micro Data

Data Lab, May 2024

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Two men looking at a document together in a grain storage area

Taxation for Development: Rethinking Fair and Efficient Tax Systems for the Next Decade

Policy Research Talk, May 7, 2024

Event Information | More about Pierre Bachas

Partial view of the Long Term Growth Model book cover. It depicts the Trappen van Strada Reale in Valetta, Malta. 1900-1910

The Long Term Growth Model: Fundamentals, Extensions, and Applications

Policy Research Talk, Mar 21, 2023

Improving the Multilateral Pandemic Response

Policy Research Talk, June 13, 2022

Presentation | Video | Event Information | More about Tristan Reed

January 2021

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From Micro to Macro: Entry Barriers, Misallocation, and Aggregate Productivity

Policy Research Talk, February 23, 2021

LATEST WORKING PAPERS

Ergys Islamaj, Agustin Samano Penaloza, Scott James Sommers
World Bank Policy Research Working Paper 10741, March 2024

Mat��as Moretti, Lorenzo Pandolfi, Sergio L. Schmukler, Germ��n Villegas Bauer, Tom��s Williams
World Bank Policy Research Working Paper 10735, March 2024

Benoit Decerf, Jed Friedman, Arthur Mendes, Steven Pennings, Nishant Yonzan
World Bank Policy Research Working Paper 10728, March 2024

Federico Ivan Fiuratti, Steven Michael Pennings, Jesica Torres Coronado
World Bank Policy Research Working Paper 10706, February 2024

Federico Ivan Fiuratti, Desislava Enikova Nikolova, Steven Michael Pennings, Marc Tobias Schiffbauer
World Bank Policy Research Working Paper 10658, January 2024

LATEST JOURNAL ARTICLES

Pierre Bachas, Anders Jensen, Lucie Gadenne
Journal of Economic Perspectives vol. 38, Winter 2024

Juan J. Cortina, Maria Soledad Martinez Peria, Sergio L. Schmukler, Jasmine Xiao
IMF Economic Review, January 2024

Fernando Broner, Tatiana Didier, Sergio L. Schmukler, Goetz von Peter
Journal of International Economics, 103795, July 2023

Philip Keefer, Stuti Khemani
Economic Development and Cultural Change, 2023

James Habyarimana, Stuti Khemani, Thiago Scot
Economica, vol. 90, April 2023

Ruchir Agarwal, Tristan Reed
Oxford Review of Economic Policy, vol. 38, December 2022

BOOKS AND REPORTS

nighttime city view with digital lines connecting buildings and lighted highway

Shanta Devarajan, Stuti Khemani, September 2023

Aerial view of Bargny. Inhabitants say in the last couple of decades, the water eroded more than 200 meters of coast.

Pierre Bachas, Leo Czajka, Aissatou Diallo, Justine Knebelmann, Anaelle Toure, June 2023

The Economics of Water Scarcity in The Midde East and North Africa: Institutional Solutions

Dominick de Waal, Stuti Khemani, Andrea Barone, Edoardo Borgomeo, Amal Talbi, Rajesh Advani, Sally Zgheib, Mili Varughese, Mohamad Hamid, Luke Gates, Elvira Broeks Motta, April 2023

Guillermo Beylis, Roberto Fattal Jaef, Michael Morris, Ashwini Rekha Sebastian, and Rishabh Sinha, Washington, DC: World Bank, September 2020

Facundo Abraham, Juan J. Cortina, and Sergio L. Schmukler, Washington, DC: World Bank, June 2019

Making Politics Work for Development: Harnessing Transparency and Citizen Engagement

Stuti Khemani, Ernesto Dal B��, Claudio Ferraz, Frederico Finan, Corinne Stephenson, Adesinaola Odugbemi, Dikshya Thapa, and Scott Abrahams, Policy Research Report, Washington, DC: World Bank, 2016