Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
in Journal of African Economies
March 2011; p ublished online October 2010 .
Journal Article. Subjects: International Factor Movements and International Business; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Economic Development; Economic Growth and Aggregate Productivity; International Finance; Economywide Country Studies; Macroeconomic Aspects of International Trade and Finance. 8176 words.
This paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa. It assembles the most comprehensive data set available so far on remittances in the...
Income distribution and current account imbalances
in Cambridge Journal of Economics
January 2018; p ublished online July 2017 .
Journal Article. Subjects: Microeconomics; General Aggregative Models; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; International Finance; Macroeconomic Aspects of International Trade and Finance. 19636 words.
Abstract
We develop a three-country, stock-flow-consistent macroeconomic model to study the effects of changes in both personal and functional income...
Inflation and economic growth in an open developing country: the case of Brazil
in Cambridge Journal of Economics
September 2015; p ublished online December 2014 .
Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Macroeconomic Aspects of International Trade and Finance. 9938 words.
This articles studies the relationship between inflation and GDP growth after trade and financial liberalisation in Brazil. The aim is to provide an explanation for the inverse relationship...
Intra-European imbalances, adjustment, and growth in the eurozone
in Oxford Review of Economic Policy
January 2012; p ublished online September 2012 .
Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Economywide Country Studies; Macroeconomic Aspects of International Trade and Finance. 7570 words.
This paper considers the increase in the Euro intra-area imbalances since the late 1990s and their role in the current European debt crisis. By focusing on the case study of Italy and...
The liquidation of government debt
in Economic Policy
April 2015; p ublished online March 2015 .
Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Macroeconomics and Monetary Economics; Growth and Fluctuations; International Finance; National Budget, Deficit, and Debt; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance. 17204 words.
High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression (FR), a tax on bondholders and savers via negative or...
Openness, Investment and Growth in Sub-Saharan Africa
in Journal of African Economies
March 2014; p ublished online January 2014 .
Journal Article. Subjects: Macroeconomic Aspects of International Trade and Finance; Economywide Country Studies; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Economic Growth and Aggregate Productivity. 9973 words.
This paper revisits the determinants of economic growth in Sub-Saharan Africa by looking at conditional and unconditional convergence, and by focusing on the growth incidence of...
Real wage rigidity and the unemployment volatility puzzle in small open economies
in Oxford Economic Papers
January 2016; p ublished online August 2015 .
Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Macroeconomic Aspects of International Trade and Finance. 7705 words.
Standard search models of the labour market feature a volatility puzzle: labour market variables move too little in response to productivity shocks. I investigate if real wage rigidity is...
Rebalancing and structural policies—an Indian perspective
in Oxford Review of Economic Policy
January 2012; p ublished online September 2012 .
Journal Article. Subjects: International Trade; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomic Aspects of International Trade and Finance; International Finance. 5986 words.
The global economic crisis of 2008–9 followed by the euro area sovereign debt crisis of 2011–12 has revealed the need for global rebalancing. Economies with current account surpluses need...
The Short-run Impact of Oil Windfalls in Low-income Countries: A DSGE Approach
in Journal of African Economies
June 2012; p ublished online March 2012 .
Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance. 7435 words.
We use a multi-sector dynamic stochastic general equilibrium (DSGE) model—calibrated to the Ghanaian economy—to analyse the short-term impact of oil windfalls in low-income countries (LICs)...
