The hidden cycle: How informality shapes fiscal policy and sovereign default
The informal sector tends to expand during economic downturns and contract in recoveries, and is also highly sensitive to fiscal policy. This column explores the
Measuring what matters for business: The new B-READY data in the World Development Indicators
What makes a country a great place to start and grow a business? Among low-income economies across the world, only 29% have a single centralized
Extractive taxation and the French Revolution
Extractive taxation is considered one of the main causes of the French Revolution. This column exploits regional variations in the French salt tax, which accounted
