ANNOUNCEMENT: Michael Kremer appointed as World Bank Group Chief Economist and Senior Vice President for Development Economics. https://t.co/B1hXFzHOnl
Students protest in India over more than exam leaks https://t.co/csoFVO2vD3 Another case of high growth hiding deep governance failures? https://t.co/AWVsr0Ek4w
From Pierre-Olivier Gourinchas (ex-@IMFNews, @berkeleyecon ) The World’s Superpowers Are Scrambling for an Edge. It Makes All of Us Less Safe. https://t.co/0LjYaOnMze via @NYTOpinion
New World Bank report on Sovereign Investor Relations (SIR) including nice discussion of the role of SIR in a debt restructuring, with a box giving example of Sri Lanka: "Ultimately, Sri Lanka’s high participation rates in Eurobond exchanges (96-98 percent) were primarily ..."
@JustinSandefur Some of the early work on the Laffer curve in the U.S. was looking at labor supply effects, e.g. Don Fullerton’s "On the possibility of an inverse relationship between tax rates and government revenues": https://t.co/GnRCOQYehw
When economic growth leads governments and international agencies to overlook (deny) governance problems, citizens distrust government more and revolt. The turmoil can undermine growth. #Africa#ArabSpring#SriLanka#Bangladesh https://t.co/nsI09lPm3Y
New blog with Eeshani Kandpal: The World Bank’s Self-Inflicted Crisis.
The World Bank is undertaking some extremely odd internal reforms:
▪️ A centralization of expertise that appears to replicate Jim Kim’s “One World Bank Group” model that was widely considered a failure ...