PAPERS
The Elusive Link between FDI and Economic Growth (with Agustín Bénétrix and Ugo Panizza) [R&R at Journal of International Economics]
Links to working 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) European Economic Review
Links to working 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 working 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 working paper: CEPR DP | TEP; Blog: VoxEU
CONTRIBUTIONS TO REPORTS, BOOKS, 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.