Peer-Reviewed Publications

Berger, Daniel, Alejandro Corvalan, William Easterly, Shanker Satyanath. Do Superpowers Have Short and Long Term Consequences For Democracy?. Journal of Comparative Economics, 41, no. 1 (2013): 22-34.

Easterly, William, and Ross Levine. The European Origins of Economic Development. No. w18162. National Bureau of Economic Research, 2012.

Berger, Daniel, William Easterly, Nathan Nunn, Shanker Satyanath. Commercial Imperialism? Political Influence During the Cold WarAmerican Economic Review (2012). Supporting data set.

William Easterly, Democratic Accountability in Development: The Double Standard. Social Research, 77, no. 4 (Winter 2010),  pp. 1075

William Easterly and Claudia Williamson, Rhetoric versus Reality: The Best and Worst of Aid Agency PracticesWorld Development, forthcoming. Supporting Dataset

Comin, Diego, William Easterly, and Erick Gong, Was the Wealth of Nations Determined in 1000 B.C.?American Economic Journal: Macroeconomics, no. 2 (2010): 65-97.

Alesina, Alberto, William Easterly and Janina Matuszeski. Artificial States. Journal of the European Economic Association, 9, no. 2, (April 2011): 246-277.

Empirics of Strategic Interdependence: The Case of the Racial Tipping Point, BE Journal of Macroeconomics: Contributions, 9, no. 1, (2009): Article 11.

Can the West Save Africa?, Journal of Economic Literature, 47, no. 2, (June 2009): 373-44.

How the Millennium Development Goals are Unfair to Africa, World Development, 37, no. 1, (January 2009): 26-35.

Institutions: Top Down or Bottom Up?, American Economic Review, 98, no. 2, (May 2008): 95-99

Easterly, William and Tobias Pfutze, Where Does the Money Go? Best and Worst Practices in Foreign Aid, Journal of Economic Perspectives, 22, no.2, ( Spring 2008).

Easterly William, Timothy Irwin and Luis Serven, Walking Up the Down Escalator: Public Investment and Fiscal Stability, The World Bank Research Observer, 23, no. 1, (Spring 2008): 37-56.

Inequality Does Cause Underdevelopment, Journal of Development Economics, 84, no.2, (November 2007): 755-776.  For dataset click here.

Are Aid Agencies improving?, Economic Policy, 22, no. 52, (October 2007): 633-678.

Was Development Assistance a Mistake?, American Economic Review, 97, no.2, (May 2007): 328-332.

Planners vs. Searchers in Foreign Aid, Asian Development Review, 23, no. 2, (2006): 1-35.

Reliving the 50s: the Big Push, Poverty Traps, and Takeoffs in Economic DevelopmentJournal of Economic Growth, 11, no.2, (December 2006):  289-318.

Easterly, William, Michael Woolcock and Jozef Ritzen, Social Cohesion, Institutions and Growth, Economics and Politics, 18, no. 2, (July 2006).

Easterly, William, Roberta Gatti and Sergio Kurlat, Development, Democracy, and Mass Killings, Journal of Economic Growth, 11, no.2, (June 2006): 129-156.

An Identity Crisis?:Examining IMF Financial Programming, World Development, 34 no. 6, (June 2006).

The Big Push Déjà Vu: A Review of Jeffrey Sachs’s The End of Poverty: Economic Possibilities for Our Time, Journal of Economic Literature, 44, no. 1 (March 2006): 289-318.

What did structural adjustment adjust? The association of policies and growth with repeated IMF and World Bank adjustment loans, Journal of Development Economics, 76, (February 2005): 1-22.

Easterly, William, Ross Levine, and David Roodman, New Data, new doubts: A Comment on Burnside and Dollar’s “Aid, Policies, and Growth, American Economic Review, 94, no. 3, (June 2004).

NAFTA and Convergence in North America: High Expectations, Big Events, Little Time, Economia, 4, (Fall 2003): 1-53.

Can Foreign Aid Buy Growth?, Journal of Economic Perspectives, 17, no.3, (Summer 2003): 23-48.

Alesina, Alberto, Arvind Devleeschauwer, Easterly, William, Sergio Kurlat, and Romain Wacziarg, Fractionalization, Journal of Economic Growth, 8, no. 2,  (2003): 155-194.

Devarajan, Shanta, William Easterly, and Howard Pack, Low Investment is not the Constraint on African Development, Economic Development and Cultural Change, 51, no. 3,  (April 2003): 547-571.

Easterly, William and Ross Levine, Tropics, germs, and crops: the role of endowments in economic development, Journal of Monetary Economics, 50, no. 1,  (January 2003): 3-39

Devarajan, Shanta, William Easterly, and Howard Pack, The Cartel of Good Intentions: The Problem of Bureaucracy in Foreign Aid, Journal of Policy Reform, 5, no. 4, (2003): 1-28.

How did the heavily indebted poor countries become heavily indebted? Reviewing 2 decades of debt relief, World Development, 30, no. 10, (October 2002): 1677 – 1696.

The Middle Class Consensus and Economic Development, Journal of Economic Growth, 6, no. 4, (December 2001): 317-336.

Easterly, William and Ross Levine, It’s Not Factor Accumulation: Stylized Facts and Growth Models, World Bank Economic Review, 15, no. 2, (2001).

Easterly, William and Allan Drazen, Do Crises Induce Reform? Simple Empirical Tests of Conventional Wisdom, Economics and Politics, 13, no. 2, (July 2001): 129-158.

The Lost Decades: Explaining Developing Countries’ Stagnation in Spite of Policy Reform 1980-1998, Journal of Economic Growth, 6, no. 2, (June 2001): 135-157.

Can Institutions Resolve Ethnic Conflict?, Economic Development and Cultural Change, 49, no. 4, (2001): 697-706.

Growth Implosions and Debt Explosions: Do Growth Slowdowns Explain Public Debt Crises?, Contributions to Macroeconomics, 1, no. 1, (2001).

Easterly, William and Stanley Fischer, Inflation and the PoorJournal of Money, Credit, and Banking, 1, (May 2001): 159-178.

Devarajan, Shanta, William Easterly, and Howard Pack, Is investment in Africa too high or too low?, Journal of African Economies, 10, (2001): 81-108.

Alesina, Alberto, Reza Baqir and William Easterly, Redistributive Government Employment, Journal of Urban Economics, 48, no. 2, (2000): 219-241.

Easterly, William and Aart Kraay, Small states, small problems? Income, growth, and volatility in small states, World Development, 28, no. 11, (November 2000): 2013-2027.

Easterly, William, Roumeen Islam and Joseph Stiglitz, Shaken and Stirred: Explaining Growth Volatility, Annual World Bank Conference on Development Economics, (2000).

The Ghost of Financing Gap: Testing the Growth Model of the International Financial Institutions, Journal of Development Economics, 60, no. 2, (December 1999): 423-438. (selected for summary of top 100 annual journal articles in Economic Intuition)

Alesina, Alberto, Reza Baqir and William Easterly, Public Goods and Ethnic Divisions, Quarterly Journal of Economics, CXIV, no. 4, (November 1999): 1243-1284.

Dollar, David and William Easterly, The Search for the Key: Aid, Investment, and Policies in Africa, Journal of African Economies, 8, (1999): 546-577,

Life During Growth, Journal of Economic Growth, 4,  no. 3, (September 1999): 239-275. Supporting Dataset

When is fiscal adjustment an illusion?“, Economic Policy, 14, no. 28, (April 1999): 55-86.  (recieved ANBAR Electronic Intelligence Citation of Excellence)

Bruno, Michael and William Easterly, Inflation Crises and Long-run Growth, Journal of Monetary Economics, 41, (February 1998):  3-26. (selected for summary of top 100 annual journal articles in Economic Intuition)
Supporting Dataset

Africa’s Growth Tragedy: Policies and Ethnic Divisions, Quarterly Journal of Economics, CXII, no. 4, (1997): 1203-1250. Supporting Dataset

Easterly, William, Peter Montiel and Norman Loayza, Has Latin America’s Post-reform Growth Been Disappointing?, Journal of International Economics, 43, no. 3-4, (1997): 287-311.

Easterly, William and Ross Levine, Troubles with the Neighbors: Africa’s Problem, Africa’s Opportunity, Journal of African Economies, 7, no.1, (1997): 120-142.

Easterly, William and Holger Wolf, The Wild Ride of the Ruble, International Journal of Finance and Economics, 1, no. 4, (October 1996), 251-61.

Bruno, Michael and William Easterly, Inflation’s Children: Tales of Crises that Beget Reforms, American Economic Review, 86, no. 2, (May 1996): 213-217.

When is Stabilization Expansionary?, Economic Policy, 11, no. 22, (April 1996): 65-107.

Easterly, William and Stanley Fischer, The Soviet Economic Decline, World Bank Economic Review, 9, no. 3, (1995): 341-371.

Easterly, William and Paolo Mauro and Klaus Schmidt-Hebbel, Money Demand and Seignorage – Maximizing Inflation, Journal of Money, Credit and Banking, 27, no. 2, (May 1995): 583-603.

The Mystery of Growth: Shocks, Policies, and Surprises in Old and New Theories of Economic Growth, The Singapore Economic Review, (1995).

Easterly, William and Paulo Viera da Cuhna, Financing the Storm: Russia’s Macroeconomic Crisis, Economics of Transition, 2, no. 4, (May 1995): 443-465.

Economic Stagnation, Fixed Factors, and Policy Thresholds, Journal of Monetary Economics, 33, no. 3, (June 1994): 525-557.

Easterly, William and Michael Kremer, Lant Pritchett, and Lawrence Summers, Good Policy or Good Luck? Country Growth Performance and Temporary ShocksJournal of Monetary Economics, 32, (December 1993).

Easterly, William and Sergio Rebelo, Fiscal Policy and Economic Growth: an Empirical Investigation, Journal of Monetary Economics, 32, no. 3, (December 1993): 417 – 458.

Easterly, William and Klaus Schmidt-Hebbel, Fiscal Deficits and Macroeconomic Performance in Developing Countries, World Bank Research Observer, 8, no. 2, (July 1993): 211-237.

How much do Distortions Affect Growth?, Journal of Monetary Economics, 32, no.2, (November 1993): 187-212.

Easterly, William and Sergio Rebelo, Marginal Income Tax Rates and Economic Growth in Developing Countries, European Economic Review, 37, no. 2-3, (1993): 409-417.

Searching for the Secrets of Growth, Revista de Analisis Economico, Special Issue, (June 1993).

How Much Does Policy Affect Growth?, Cuadernos de Economia, Pontificia Universidad Catolica de Chile, 29, no. 87, (August 1992): 295-305.

Easterly, William and Stanley Fischer, The Economics of the Government Budget Constraint, World Bank Research Observor, 5, no. 2, (July 1990).