Financial crises affect economic activity and may also distort global supply chains. This column estimates the network effects of crises by examining European multinational enterprises during the Great Recession in the 2000s. A larger network shock (captured using changes in risk premia across European countries) during the financial crisis led to lower growth in the […]
20 feet of water flooded our village” – “Prices of everyday goods are soaring…we cannot buy enough food.” – “Children are not able to go back to school.” – “Our water is contaminated…we are suffering from diarrhea and skin diseases.” These troubling accounts, while tragic, have become all too familiar. In just three years, Pakistan […]
In Cote d’Ivoire, there has been clear progress in the health of women, children and adolescents over the last few years. But still, this is not enough. My family knows this all too well. When my sister gave birth a few years ago, her newborn baby needed urgent and expensive medical attention to survive. In […]