When a natural disaster destroys public capital, these direct losses are exacerbated by indirect losses arising from reduced output while reconstruction takes place. These indirect losses may be much larger, relative to the direct ones, in low-income countries, because they lack the finance for rapid reconstruction.

This is a programme of work initiated under the IMF-DFID Research Programme on Low-Income Countries and coordinated by the Research Department of the International Monetary Fund in Washington DC. 

Professor Adam is currently working on a number of projects on the macroeconomics of low-income countries including: (i) public investment and public finance; (ii) labour market structures and macroeconomic dynamics; (iii) the monetary transmission mechanism in low-income countries; and (iv) the economics of central banking in Africa.

My thesis looks at the local conflicts surrounding mining activities in Southern Peru (Las Bambas and Espinar).