Monthly Archives: July 2013

Fungibility and off-budget aid

If you’ve been following development blogs for a few years, you probably remember The Great Fungibility Debate of 2010 that was sparked by a paper in the Lancet written by researchers at the Institute for Health Metrics and Evaluation. To … Continue reading

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Africa in two recessions

Our spring term ended a few weeks ago. I teach an undergraduate course that focuses on the economic history of the twentieth century. Unsurprisingly, the Great Depression is a major focus. The current mainstream view is that monetary shocks were … Continue reading

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