Publications

Working Paper No. 520 | November 2007

Nurkse and the Role of Finance in Development Economics

Ragnar Nurkse was one the pioneers in development economics. This paper celebrates the hundredth anniversary of his birth with a critical retrospective of his overall contribution to the field, in particular his views on the importance of employment policy in mobilizing domestic resources and the difficulties surrounding the use of external resources to finance development. It also demonstrates the affinity between Nurkse’s theory of mobilizing domestic resources and employer-of-last-resort proposals.


Publication Highlight

Public Policy Brief No. 155
Can Biden Build Back Better?
Yes, If He Abandons Fiscal “Pay Fors"
Author(s): Yeva Nersisyan, L. Randall Wray
June 2021

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