Evidence from Kenya shows that small firms have a lot of ‘slack’, i.e. they could produce substantially more output without having to hire additional workers, buy additional machines, or raise prices, simply by reducing their idle time. Why is slack ...

Evidence from cash transfers at scale in Kenya suggests that demand-side policies or stimulus may be very effective at raising output without creating inflationary pressure when there is a lot of ‘slack’ in the economy.

Do unconditional cash transfers increase welfare in communities as a whole, even within households that do not receive them?