I am an economist at the World Bank. My current research includes work on foreign investment, sovereign debt, and labor markets.
Short pieces:
Brookings blog (on sovereign defaults) with Franziska Ohnsorge: Between a rock and a hard place (Based on South Asia Development Update Spotlight here)
VoxEU (on labor markets) with Prakash Loungani and Emiliano Luttini: Sources of differences in Okun's law between advanced economies and emerging markets (Based on working paper here)
PAPERS
The Elusive Link between FDI and Economic Growth (with Agustín Bénétrix and Ugo Panizza) [R&R at Journal of International Economics]
Links to paper: CEPR DP | LTI | IHEID | TEP; Blog: Let's Talk Development
International Tax Spillovers and Tangible Investment, with Implications for the Global Minimum Tax (with Michael Keen and Li Liu) [Conditional Acceptance at European Economic Review]
Links to paper: IMF Working Paper | Tokyo College Working Paper Series | World Bank Policy Research Working Paper ; Presentations: International Monetary Fund (2019), Oxford University (2020), ZEW Mannheim (2020), National Tax Association (2021), NBER (2022) ; Blog: Let's Talk Development
Buffering Recessions: Labor Market Asymmetries and the Role of Self-Employment (with Prakash Loungani and Emiliano Luttini)
Link to paper: World Bank Policy Research Working Paper; VoxEU: Sources of differences in Okun's law between advanced economies and emerging markets
The Elusive Link between FDI and Economic Growth: Sectoral Heterogeneity and Global Value Chains (with Agustín Bénétrix and Ugo Panizza)
[This paper is a substantial revision of CEPR DP 17692] - Link to paper: CEPR DP | TEP; Blog: VoxEU
CONTRIBUTIONS TO BOOKS, REPORTS, AND CASE STUDIES
Debt Dynamics: Policy Implications and Future Outlook (with Naotaka Sugawara (World Bank) and World Bank Debt Data Team), Chapter 2 in International Debt Report (December 2025)
Link to full report: International Debt Report 2025
Special Focus: Foreign Direct Investment and Activity, in Global Monthly (September 2025)
Link to Global Monthly: Global Monthly September 2025
Special Focus: Foreign Direct Investment in Retreat (with Amat Adarov (World Bank)), in Global Monthly (June 2025)
Link to Global Monthly: Global Monthly June 2025
Foreign Direct Foreign Direct Investment in Retreat: Policies to Turn the Tide (with Amat Adarov (World Bank)), Chapter 3 in Global Economic Prospects (June 2025)
Link to GEP: Global Economic Prospects June 2025; Link to standalone report: FDI Webpage; Blog: A Three-Pronged Strategy Can Help Developing Economies Attract FDI and Unlock its Full Potential
The Macroeconomic and Debt Outlook for 2023 and Beyond (with Naotaka Sugawara (World Bank)), Chapter 2 in International Debt Report (December 2023)
Link to full report: International Debt Report 2023
Averting and Dealing with Sovereign Debt Default (with Franziska Ohnsorge (World Bank)), Spotlight in South Asia Development Update (October 2023)
Link to full report: World Bank South Asia Development Update; Blogs: Let's Talk Development; Brooking's Future Development
Macroeconomic Implications of Foreign Direct investment in EMDEs, Box 3.2 in Falling Long-Term Growth Prospects (Edited by M. Ayhan Kose and Franziska Ohnsorge, 2023)
Link to full book: Falling Long-Term Growth Prospects
The Productivity Decline: Demographics, Robots or Globalization? (with Laura Alfaro (Havard Business School) HBS Case Study (718-013) and Teaching Note (718-014), September 2017.
Disclaimer: The views expressed on this website are my own. The findings, interpretations, and conclusions expressed in my research are entirely those of the authors. They do not necessarily represent the views of the World Bank and its affiliated organizations.