When we evaluate development projects, we must ask: What lessons have we learned?

As children, we all remember being told: “‘I hope you’ve learned your lesson”, which had a kind of negative connotation. In my line of work, however, which assesses development activities from the point of view of doing the right things in the right way with the right resources for lasting benefits for people – we learn lessons every day to make better decisions for improving quality of lives.

How can water utilities in the Pacific use the pandemic to become more resilient?

By Vivian Castro-Wooldridge Protecting and managing the water supply, even in the face of threats and challenges, is a key responsibility for utility companies and governments across the Pacific region.   For many people in the Pacific, COVID-19 presents yet another challenge in a region familiar with natural hazards and the accompanying disruptions to everyday life. […]

Pitfalls of average inflation targeting when agents have imperfect knowledge

Recent challenges have generated interest in new monetary policy frameworks, including average inflation targeting. The Federal Reserve adopted this policy in 2020, but they have not communicated many details about the policy itself. This column argues that an opaque average inflation targeting policy can de-anchor inflation expectations from the target equilibrium – even if expectations are initially well-anchored. Policymakers should be cautious when implementing average inflation targeting.

The antitrust orthodoxy is blind to real data harms

Cristina Caffarra, Gregory Crawford and Johnny Ryan make the case that (lack of) privacy is an (often unobservable) price of using digital platforms, and that (lack of) privacy facilitates mainstream antitrust harms such as exploitation and foreclosure by dominant digital platforms.