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Finance

Fewer questions, more answers: Leveraging innovations in household survey design

Electronic devices enable innovations in survey design, such as questionnaires that adapt to responses. Our recently published working paper describes the method and results in more detail, leveraging the potential to create a new survey-based tool for determining household eligibility for social assistance benefits. Around 40 percent of households in Indonesia receive regular social assistance programs. Besides […]

Finance

Institutional investors hedging of foreign exchange risk from investing in equities abroad can affect the exchange rate

Recently, there has been a growing interest in long-term savings institutions such as pension and insurance funds. This is due to the significant growth in their assets and the potential impact they may have on the proper functioning of markets (Liao and Zhang 2020, Borio et al. 2022). For instance, an OECD report shows that […]

Business

Scarring, hysteresis, and investment in Europe

The Global Crisis rekindled a discussion that has absorbed macroeconomists and policymakers for decades. In the aftermath of major economic downturns, economic activity does not return to its pre-crisis trend. In other words, major downturns leave ‘scars’ – a catchy expression for negative supply-side effects. Blanchard et al. (2015), Ball (2014), Martin et al. (2015) […]

Environment

International spillover effects of air pollution: Evidence from mortality and health data

Air pollution is one of the most pressing global challenges that affects lives worldwide. In many countries, severe air pollution is still one of the most crucial burdens of economic development (Jayachandran 2009, Greenstone and Hanna 2014, Chen et al. 2013, Greenstone and Jack 2015, Jack 2017, Ito and Zhang 2020, Khanna et al. 2021, […]

Energy Environment Healthcare

The inflationary impact of energy prices

Rising inflation rates and an overheating economy as the US economy recovered from the COVID-19 pandemic in 2021 and early 2022 shattered the popular belief that central banks had vanquished inflationary pressures for good and raised concerns about the economy re-entering an environment much like that of the 1970s. Indeed, there are some eerie parallels. […]

Economy

Sweet equality: Sugar, property rights, and land distribution in colonial Java

Land represents the primary source of income and wealth in many agricultural economies. Land inequality is negatively correlated with long-run economic growth (Deininger and Squire 1998) and associated with political and social inequality (Frankema 2010). Moreover, because land is often transferred from one generation to the next, land inequality tends to persist over time. It […]

Environment Healthcare

How The Insurance Industry Can Make Asia’s Coastal Areas More Resilient

Due to the economic importance of coastal areas, the insurance industry can contribute significantly to their protection. Under current greenhouse gas emissions scenarios, mean sea level could rise by more than one meter by 2100, resulting in flooding of coastal areas that are critical to human life and the planet. These areas are trade and […]

Education Technology

Workers Need Digital Skills to Remain Relevant in the Post-Pandemic Job Market

As the region emerges from the pandemic, businesses should adopt more flexible approaches to developing talent for digital jobs, while workers must embrace lifelong learning of digital skills. As one of the fastest-growing regions in the world, Asia and the Pacific has witnessed rapid digitisation in recent years. While the trend was evident before the […]