Shaping Africa’s post-Covid recovery: A new eBook
While most African countries have been largely spared so far from the direct health effect of the Covid-19 pandemic, the continent’s economy has been significantly hurt by the economic consequences. This is particularly concerning given Africa’s high prevalence of extreme poverty. A new eBook from CEPR Press focuses on business and household responses to the Covid-19 crisis in Africa, as well as access to international finance, patterns in international borrowing, and country-specific experiences during the pandemic.
On the road to a speedy economic recovery: A broad-based tax system is key to Solomon Islands’ pandemic response
By Matthew Hodge A more sustainable revenue base for the Pacific Island nation could better manage changing economic conditions and the impact of shocks such as COVID-19. While being largely shielded from the health impacts of COVID‑19, the economy of the Solomon Islands has felt a severe shock. Travel restrictions shuttered tourism throughout 2020, major construction […]
Fintech can drive a strong post-COVID-19 recovery in Asia
The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.
Farm product prices, redistribution, and the early Great Depression in the US
Like the current economic crisis in the US, the Great Depression led to large redistributions of income among sectors and households. Perhaps most important, falling farm product prices shifted income away from farmers. This column argues that this redistribution explains between 10% and 30% of the US output decline in 1930. Recovery from the Great Depression began in 1933 in part because farm product prices rose, reversing this redistribution.
