Research

WORKING PAPERS

The Elusive Link between FDI and Economic Growth (with Agustín Bénétrix (Trinity College Dublin) and Ugo Panizza (Geneva Graduate Institute))

Links to paper 2022: CEPR working paper | LTI | IHEID | TEP ; Update 2023: World Bank Policy Research Working Paper ; Blog: Let's Talk Development

International Tax Spillovers and Tangible Investment, with Implications for the Global Minimum Tax  (with Michael Keen (University of Tokyo) and Li Liu (IMF))

Links to paper 2023:  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

Do Investors Care About Consumption Taxes? Evidence from Equities in Advanced and Emerging Economies 

Links to paper 2022:  IHEID (Geneva Graduate Institute) Working Paper ; Blog: All About Finance

CONTRIBUTIONS TO REPORTS AND BOOKS

The Macroeconomic and Debt Outloook 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

OTHER WRITING

 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.