Wide angle: shocks, arms and finance

Zooming out from the regions, three questions run through my work: how transboundary economic, climate and political shocks translate into local conflict risk; how states finance and equip their armed forces; and how climate finance reaches, or fails to reach, fragile states.

  • Shocks. A meta-analysis of the empirical literature on shocks and internal conflict (Journal of Peace Research, 2025), with replication files.
  • Arms. The political economy of military aircraft in Europe (Defence and Peace Economics, 2024); military spending and development aid in the Sahel (Ferdi, 2016).
  • Risk and finance. Socio-political risk in country-risk analysis (AFD, 2018), applied by AFD economists to Turkey, Tunisia and Lebanon; a pathway to climate-resilient development in fragile settings (ODI Global, 2023), cited by ILO (2025) and CREWS (2024); work in progress on climate risk sharing in World Bank projects and on gender in Japan’s climate finance.

Publications and working papers

(2025). Internal conflicts and shocks: a narrative meta-analysis. Journal of Peace Research, 62(4), pp. 1159–1175. Earlier version: World Bank Policy Research Working Paper 10315 (2023).

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(2025). The impact of social safety nets on economic, social and political outcomes in fragile, conflict and violent contexts. World Bank, SASPP Technical Series.

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(2024). The political economy of military aircraft: the case of Europe. Defence and Peace Economics, 35(4), pp. 464–503.

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(2023). Building forward better: a pathway to climate-resilient development in fragile and conflict-affected situations. ODI Global, Framing note.

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(2016). Comparaison entre les budgets des opérations militaires menées au Sahel et les financements alloués au développement. In Allier sécurité et développement. Plaidoyer pour le Sahel, Volume 2, pp. 41–114.

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