The effect of energy price shocks on inflation continues to be misunderstood. Contrary to popular belief, the surge in US inflation in 2021 and 2022 was not primarily caused by energy price shocks. This column shows that an unexpected increase in energy prices only creates a blip in the inflation rate. In contrast, year-over-year rates […]
Economists tend to assume that monetary rewards make people try harder, but many psychologists argue that the opposite can be true. This column takes stock of 44 experimental studies in economics to test the relationship between financial incentives and performance. After correcting publication bias and differences in experimental contexts, the analysis suggests a negligible effect […]
European companies have increasingly relied on Ukrainian IT providers in the face of massive shortages of IT specialists in Europe. But the Ukraine war is eroding the country’s IT competitiveness. Although more than half of Ukrainian IT startups continue their operations exclusively from Ukraine, they are losing staff and need financial support. Meanwhile, Russian attacks […]
More than 155,000 New Yorkers were trained in Mental Health First Aid (MHFA) between 2016 and 2020. Free citywide trainings were made available to all New Yorkers and were disseminated through city agencies and community-based settings. RAND Corporation researchers conducted a mixed-methods study that included a web-based survey of past trainees and a series of […]
ike every other European Union member state, the government of the Netherlands was approaching Brexit largely in the dark. With so many possible outcomes in play, how could it calibrate a response ensuring Dutch interests were adequately represented in the negotiations? And how might the public, industry, and entrepreneurs be engaged at home so that […]
The World Bank announced today a new $50 million project to repair and restore Ukraine’s transport network to support immediate humanitarian relief and recovery, and increase capacity of import and export corridors. The grant financing for this project is provided by the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF), with additional funding of up to […]
Thank you to the African Union for hosting such a timely event and to President Macky Sall for the invitation to join. My remarks are mostly devoted to infrastructure but let me recognize upfront the multiple challenges you are facing with high food and fertilizer prices, with growing insecurity in the Sahel and with conflicts […]
DUSHANBE, February 11, 2023 – A new water supply system in Vose district of southern Tajikistan, supported by the World Bank, was launched today connecting 40,000 residents of 14 rural villages to safely managed water supply services. The “Chilla” water supply facility was inaugurated by visiting World Bank Regional Director for Sustainable Development at the Europe and Central […]
It is time for the global community to get back on track with its health care goals. The COVID-19 pandemic diverted many positive steps that the world was taking towards universal health coverage. It revealed weaknesses in global health systems: Supply chains faltered and access to new vaccines and needed advanced medical equipment was limited. […]
Did you know that Cluj-Napoca is one of the first cities – not just in Romania or Europe, but in the entire world – to initiate the adoption of a NetZeroCity Action Plan? The NetZeroCity Action Plan is a blueprint for making the transition to climate neutrality by 2030 , along with details on needed resources to […]
