Tahun Terbit

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Tandemly repeated satellite DNAs are among most rapidly evolving sequences in eukaryotic genome, usually differing significantly among closely related species. By inducing changes in heterochromatin and/or centromere, satellite DNAs are expected to drive population and species divergence. However, despite high evolutionary dynamics, divergence of satellite DNA profiles at the level …

The bacterium Pseudomonasae ruginosa is a significant cause of acute nosocomial infections as well as chronic respiratory infections inpatients with cystic fibrosis (CF). Recent reports of the intercontinentals pread of a CF-specific epidemics train, combined with high intrinsic levels of antibiotic resistance, have made this opportunistic pathogen an important public health c…

Development economics has changed radically since 1990. The very concept of �developing countries� has become antiquated as most previously poor countries have converged on rich ones, becoming less distinctive in consequence. The remaining domain of a distinctive development economics is the minority of poor countries that are not securely on a path to convergence. In addition, intell…

This paper considers developments in UK growth performance and supply-side policies since the 1980s. It argues that economic reforms made in the Thatcher years and consolidated under subsequent governments delivered improved pre-crisis growth outcomes helped by the information and communications technology (ICT) revolution and stronger competition in product markets. The new growth economics p…

Thirty years ago, the 1986 Oxford Review of Economic Policy assessment of financial innovation foretold the events leading up to the financial crisis and the factors that lay behind it. Those same insights suggest significant deficiencies in the response to the financial crisis and a failure to identify the limits to, as well as requirements for, strengthened regulation. In particular, there is…

In this paper we argue for a new approach to monetary and fiscal policy. During the Great Moderation, the inflation targeting regime worked well. Central banks used the interest rate to stabilize inflation, and�subject to inflation being controlled�stabilized the level of demand. Fiscal policy exerted discipline over the public-sector deficits, thereby�indirectly�managing th…

Official development assistance is a key source of external finance in many developing countries. A striking feature of these aid flows is their positive correlation with business cycles in recipient countries. This pattern is puzzling in that it reinforces recipients� already strong and costly macroeconomic fluctuations. We propose a simple model of investment financing and aid provision…

Increasing tax revenues in low-income countries is essential to address future development finance requirements. This is particularly important for aid recipients, the focus of this paper. Theory shows that although there are many ways in which aid can have indirect effects on tax revenue, the direct effects arise because aid and tax are alternative sources of revenue and political economy fact…

This paper brings the aid effectiveness debate to the sub-national level. We hypothesize the non-robust results regarding the effects of aid on development in the previous literature to arise due to the effects of aid being insufficiently large to measurably affect aggregate outcomes. Using geo-coded data for World Bank aid to a maximum of 2,221 first-level administrative regions (ADM1) and 54,…