Part of our mission at FAI is to frame policy and regulatory issues by synthesizing evidence from existing research and generating new evidence where it's lacking.
From Dave Birch's review of Banking the World at The Enlightened Economist:
My favourite quote from the book was that “remittances may promote idleness on the part of recipients.” As the father of a teenage son, I can attest to this, a phenomenon I have observed in my own home. Now that I have sound empirical foundations for doing so, I will be instituting my own economic revolution, starting this weekend.
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Editor's Note:
If you were hoping that the faiV would be a pleasant distraction from the overwhelming flow of AI-related content, sorry. For the record, the faiV had “ai” built in before Anthropic existed. And a housekeeping note: we’ve finally jumped ship from Mailchimp to NYU’s mailing platform—I guess if you’re reading this it’s been a seamless transition and if you’re not, well, you’re not. Feedback on the faiV’s content and format and delivery methods is always welcome, just drop me an email.
- Tim Ogden
Editors’ Note: Hi, Laura and Jonathan here. A few of the pieces this week come from people who spent years up close with how poor households actually handle money, and keep coming back with something more tangled than the story usually told, and more persistent. Tim will be back for the next edition. - Laura Freschi and Jonathan Morduch
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Ten years ago, FAI managing director Tim Ogden published Experimental Conversations, a collection of interviews with economists and other people who critique, promote, and use randomized controlled trials (RCTs) in development economics. One of the interviewees was Michael Kremer, a pioneer of the movement, now a Nobel laureate, and recently appointed Chief Economist of the World Bank.