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When is debt a drag on economic growth?
By Alexander Chudik, Kamiar Mohaddes, Mohammad Hashem Pesaran and Mehdi Raissi Is there a tipping point for public indebtedness beyond which growth drops off significantly; and does a build-up of public debt slow the economy in the long run?..more
Is the Middle East the world’s most unequal region?
By Lydia Assouad Survey-based estimates suggest that inequality in Middle Eastern countries is not particularly high by historical and international standards. This column reports research that combines household surveys, national accounts,..more
Shifting commodity markets in a globalised world
By Rabah Arezki and Akito Matsumoto Commodity markets have been on a rollercoaster ride in the first two decades of the twenty-first century. A new book, summarised in this column, examines the long-term forces of..more