In this paper we examine whether absorptive capacity can constitute sufficient justification for rejecting the proposal of a large aid increase to support the ‘big push’. We argue that the probability of a poverty trap exists for many countries, in particular the least developed countries...

Terms-of-trade shocks are important determinants of long-term growth in commodity-rich developing countries. Transforming commodity assets into engines of development requires confronting two interrelated challenges: a long-term one of moving from commodity dependency to a diversified productive...

We review the competing explanations of the 2007-2008 global crisis, recall how governments around the world had to depart from established policy stances, and reflect on the legacy of the crisis both in terms of future challenges and changes in policy doctrine. The G-20 has addressed important...

Contents: 1 - Jürgen von Hagen, Jean Pisani-Ferry - Forum Economique Franco-Allemand /Deutsch-Französisches Wirtschaftspolitisches Forum -- 4 - Pierre Jacquet, Jean Pisani-Ferry, Dominique Strauss-Kahn - Trade Rules and Global Governance: A long term Agenda -- 21 - Reinhard H. Schmidt - The...

French presidential elections 2022 have significantly strengthened anti-EU populists. Traditional mainstream centrists are not among the big three election winners, while far-right Marine Le Pen deftly addressed the plight of the disengaged. The country's rural-urban divide masks significant...

Allgemein besteht in Entwicklungsländern ein besonders dringlicher Bedarf an einer genauen Schätzung der zukünftigen Nachfrage nach Verbrauchsgütern, insbesondere nach Nahrungsmitteln. Doch gerade dort bereitet die vorhandene Datenbasis erhebliche Schwierigkeiten, die wesentlichen...

Investment in most heavily indebted countries has been weak since 1982. Several papers (Krugman, 1988; Corden, 1988; Sachs, 1989) have subsequently established the debt overhang proposition: the existence of a heavy debt burden reduces the incentive to invest.1 This proposition has given an important...

This study has investigated to which extent rating events influence sovereign bond yield spreads and overall financial market volatility. While rating agencies are part and parcel of today's financial markets, the study succeeds in tracing some independent effect that ratings exert on financial...