The increasing frequency and severity of financial and economic crises over the past three decades have raised important questions about the risk of economic growth being adversely impacted by crises (?macroeconomic vulnerability?) and the appropriate policies needed to withstand and cope with...

Economic vulnerability is approached from micro- and macroeconomic perspectives. While the microeconomic perspective is concerned with the impact of shocks on the well-being of individual households, the macroeconomic perspective focuses on the impact of these shocks on economic growth. This...

Economic vulnerability is approached from micro- and macroeconomic perspectives. While the microeconomic perspective is concerned with the impact of shocks on the well-being of individual households, the macroeconomic perspective focuses on the impact of these shocks on economic growth. This...

Este artículo hace una reflexión crítica sobre la pertinencia de emplear indicadores económicos, como el pib por habitante y el índice de desarrollo humano, para realizar mediciones comparativas de desarrollo entre países. Los autores proponen un nuevo indicador: el ingreso de la gran...

GDP per capita is by far the most popular measure of international levels of development. It is fairly well understood and widely available across countries and time. But it is also recognized that GDP per capita is an imperfect proxy for important factors such as health, education and...

This report presents an analysis of the strategy required to generate the required resources for investment in various services necessary to achieve the MDGs. The analysis attempts to quantify the fiscal space to finance the MDGs and identify the necessary fiscal reforms required to finance the...