Featured Updates

Weak International Economic Cooperation--COVID-19 Crisis

This paper analyzes several of the dimensions of weakening multilateralism in the area of economic cooperation during the COVID-19 crisis. Professor José Antonio Ocampo argues that international cooperation during the COVID-19 crisis has been weaker than during the 2008-09 North Atlantic Financial crisis.

The Role of the EIB in the Green Transformation

The European Investment Bank (EIB) is an integral part of the European Green Deal, with the role of funding agency and advisor, with programs structured around the key area of focus of the European Green Deal and with a Climate Action Plan implying the EIB will be making 50% of their lending to climate change-related activities by 2025.

Joseph Stiglitz Publishes New Book: People, Power, and Profits

A Nobel prize winner challenges us to throw off the free market fundamentalists and reclaim our economy. An authoritative account of the predictable dangers of free market fundamentalism and the foundations of progressive capitalism, People, Power, and Profits shows us an America in crisis, but also lights a path through this challenging time.

Recovering from the Pandemic: An Appraisal of Lessons Learned

This FEPS Covid Response Paper provides observations from the failures and successes around the world in dealing with Covid-19 and its economic aftermath. Professor Stiglitz explains why, even with the best policies, the economic fall-out from Covid-19 is likely to be severe: there will not be a V-shaped recovery, but rather a U-shaped one.

Lessons of the American election for Europe and the world

Despite years of disastrous economic policy, and an even more catastrophic handling of the Covid-19 crisis, US President Donald Trump received substantially more votes in 2020 than he did in 2016. His blustering in the name of America was seen as standing up for the country by these voters – and they will not go away.

Time to Pinpoint Policies Needed for Better Post-Pandemic Jobs Growth

Theresa Osborne

The views expressed are the author's alone and do not represent the views of the World Bank Group or any of its member governments. Paraphrasing Machiavelli, Winston Churchill and other leaders have advised to not let a good crisis go to waste. Inde...

Women Worked More Hours Than Male Partners During Lock Downs. This Has To Change

Lídia Farré

Women lost their jobs at higher rates than men in many countries during the Covid-19 pandemic. This partly explains why they did more of the domestic work during lockdowns, but it’s not the whole story. There is evidence to suggest that in heterosexu...

Increased Support to Middle-Income Countries Key to Global Recovery

Cecilia Nahón, Maia Colodenco

The economic fallout from the coronavirus pandemic was unprecedented in its speed and synchronized nature and, more than a year after the outbreak, the world still faces uncharted territory. But one thing is clear: The pandemic has dramatically expos...

Getting Women Back To Work is not Enough

Misty Heggeness

Opinions belong to the author and not to the U.S. Census Bureau. Unless you live under a rock, you’ve heard: The global pandemic and economic downturn have had an unexpected impact on women. For the first time in the history of data collection, women...

U.S. Labor Shortage? Unlikely. Here's Why

Heidi Shierholz

There are lots of anecdotal reports swirling around about employers who can’t find workers. Just search “worker shortages” online and a seemingly endless list of stories pops up, so it’s easy to assume there’s an alarming lack of people to fill jobs....