This paper uses data across 365 corridors to document time and country variation in remittance
fees and explore factors predicting variation in remittance fees. We document a general …

We introduce a new suite of macroeconomic models that extend and complement the Debt,
Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor …

Increased focus on income inequality and distributional issues has made incidence analysis
a crucial input into policy decisions. This note presents the theoretical framework used to …

This paper investigates the impact of domestic fuel price increases on export growth in a
sample of 77 developing countries over the period 2000-2014. Using a fixed-effect estimator …

We estimate the dynamic effects of changes in retail energy prices on inflation using a novel
monthly database, covering 110 countries over 2000:M1 to 2016:M6. We find that (i) …

During the 1980s and early 1990s many Sub-Saharan African (SSA) countries undertook
reforms to promote financial sector deepening. Nevertheless, financial sectors in SSA …

Despite strong economic growth since 2000, many low-income countries (LICs) still face
numerous macroeconomic challenges, even prior to the COVID-19 pandemic. Despite the …

The rapid growth of Islamic banking has attracted much attention lately in the economic
literature. At the same time, a mature body of the literature has shown that financial development …

While expanding public investment can help filling infrastructure bottlenecks, scaling up too
much and too fast often leads to inefficient outcomes. This paper rationalizes this outcome …

Using a new quarterly panel database on remittances (71 countries over the period 2011Q1-2020Q4),
this paper investigates the elasticity of remittances to transaction costs in a high …