186 Results for:

November 13, 2018

Puerto Rico
Could Maria’s Legacy Be a New Debt Trap for Puerto Rico?

President Trump is right to worry that disaster aid will end up bailing out the holders of Puerto Rico's bonds, but there are better solutions to that particular problem than cutting off disaster aid…

Could Maria’s Legacy Be a New Debt Trap for Puerto Rico?

October 2, 2017

Puerto Rico
Puerto Rico Before Maria

My new discussion paper with Greg Makoff on economic and demographic trends in Puerto Rico.

Puerto Rico Before Maria

October 2, 2018

Nigeria
Nigerian and U.S. Flooding Similar, Linked to Climate Change

Nigerians fear that flooding in October 2018 could be as bad as or worse than it was in 2012, when two million Nigerians were displaced and 363 died. In 2015, floods displaced 100,000 and led to 53 deaths. In 2016, 92,000 were displaced 38 died. In 2017, floods affected 250,000. 

Nigeria-Flooding-Kogi-State-Climate-Change

September 27, 2018

Puerto Rico
Will the Proposed Restructuring of COFINA Bonds Assure Puerto Rico’s Return to Debt Sustainability?

Puerto Rico’s government and the bulk of the holders of Puerto Rico’s Sales tax backed bonds (COFINA) appear to have reached agreement on restructuring terms (details here). The deal will reduce Puer…

Will the Proposed Restructuring of COFINA Bonds Assure Puerto Rico’s Return to Debt Sustainability?

September 24, 2018

United Nations
The Role of the UN General Assembly

The UN General Assembly hosts a much-watched high-level debate of world leaders each year but has struggled to make its work more substantive. The seventy-third session will likely be dominated by is…

United Nations Headquarters

February 22, 2018

Puerto Rico
Counting Chickens Long Before They Hatch: Should Hurricane Maria Be Modeled as a Positive Growth Shock for Puerto Rico?

Puerto Rico’s latest fiscal plan appears to use a best case scenario as its base case. It consequently doesn’t provide a realistic benchmark for evaluating Puerto Rico’s long-run capacity to pay.

Counting Chickens Long Before They Hatch: Should Hurricane Maria Be Modeled as a Positive Growth Shock for Puerto Rico?

August 15, 2018

Disasters
U.S. Disaster Relief at Home and Abroad

The U.S. government responds to scores of disasters each year, coordinating closely with state, local, and foreign partners. However, more frequent and severe storms, fires, and floods are straining …

Loren Elliott/Reuters

September 27, 2017

Puerto Rico
Puerto Rico After Maria: Initial Thoughts on the Fiscal and Economic Implications

Puerto Rico faced immense challenges even before the devastation from Hurricane Maria. Its economy is 15 percent smaller now than it was ten years ago, and the latest high frequency indicators from t…

Puerto Rican and U.S. Flags

July 16, 2018

Puerto Rico
Looking Back on Fiscal 2018 as Puerto Rico Starts a New Fiscal Year

Sales tax revenues have recovered. Fiscal year 2019, which started in July, should be a good year thanks to Federal disaster aid. The real question though is what happens when Federal aid starts to f…

Looking Back on Fiscal 2018 as Puerto Rico Starts a New Fiscal Year