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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


LATEST WORKING PAPERS


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


Mat¨ªas 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 AgarwalTristan 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

 

Water Scarcity in MENA 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

 

Image
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

 

TEAM MEMBERS

Pierre Bachas
Economist

Roberto N. Fattal Jaef
Senior Economist

Manuel Garc¨ªa-Santana
Senior Economist

Stuti Khemani
Senior Economist

Tatjana Kleineberg
Economist

Steven Pennings
Senior Economist

Tristan Reed
Economist

Agustin Samano
Research Economist

Sergio Schmukler
Research Manager

Mahvish Shaukat
Economist

Dario Tortarolo
Economist