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Addressing the “Wicked Problem” of Input Subsidy Programs in Africa

Jacob Ricker-Gilbert, Thomas Jayne and Gerald Shively.

in Applied Economic Perspectives and Policy

June 2013; p ublished online February 2013 .

Journal Article. Subjects: Corporate Regulation; Development Planning and Policy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Agricultural Economics; Economic Development. 8875 words.

This article reviews and critically assesses evidence on input subsidy programs implemented in selected countries over the past decade in Africa. We believe that input subsidies should be...

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Aggregate fiscal policy under the Labour government, 1997–2010

Simon Wren-Lewis.

in Oxford Review of Economic Policy

January 2013; p ublished online June 2013 .

Journal Article. Subjects: National Budget, Deficit, and Debt; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 11278 words.

This paper explores the Labour government’s fiscal policy performance at the macroeconomic level. This analysis is in two halves. The first covers the period up until the Great Recession,...

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Alternative Economic Policies for the Economic and Monetary Union

Malcolm Sawyer.

in Contributions to Political Economy

June 2013; p ublished online June 2013 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 7562 words.

The problems of the euro area stem from design faults of the Economic and Monetary Union (EMU) with current account imbalances, differential inflation, and a poor macroeconomic framework,...

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The Apostles’ justice: Cambridge reflections on economic inequality from Moore’s Principia Ethica to Keynes’s General Theory (1903–36)

Daniela Donnini Macciò.

in Cambridge Journal of Economics

May 2016; p ublished online September 2015 .

Journal Article. Subjects: Individual Economists; Microeconomics; Welfare Economics; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 16131 words.

This article explores economic justice in the writings of the Cambridge authors G. L. Dickinson, G. Shove, R. Hawtrey, D. H. Robertson, H.O. Meredith, J. H. Bell and F. Ramsey, who were...

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Assets and liabilities and Scottish independence

Angus Armstrong and Monique Ebell.

in Oxford Review of Economic Policy

January 2014; p ublished online August 2014 .

Journal Article. Subjects: National Budget, Deficit, and Debt; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 6841 words.

This paper considers how the economically important assets, liabilities, and institutions in the UK could be divided if Scotland becomes an independent country. We find that on the basis of...

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At the crossroads: the euro and its central bank guardian (and saviour?)

Jörg Bibow.

in Cambridge Journal of Economics

May 2013; p ublished online April 2013 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; History of Economic Thought (1925 onwards). 9542 words.

This paper investigates the role of the European Central Bank (ECB) in the (mal)functioning of Europe’s Economic and Monetary Union (EMU), focusing on the German intellectual and historical...

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Austerity versus stimulus: the polarizing effect of fiscal policy

Richard McManus.

in Oxford Economic Papers

July 2015; p ublished online March 2015 .

Journal Article. Subjects: Fiscal Policies and Behaviour of Economic Agents; Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 7512 words.

Through constructing a new Keynesian DSGE model with heterogeneous agents, this article investigates both the aggregate and distributional consequences of fiscal policy. Polarized...

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Bailouts and Financial Fragility

Todd Keister.

in The Review of Economic Studies

April 2016; p ublished online October 2015 .

Journal Article. Subjects: Banking; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Financial Regulation. 16296 words.

Should policy makers be prevented from bailing out investors in the event of a crisis? I study this question in a model of financial intermediation with limited commitment. When a crisis...

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A bright future can be ours! Macroeconomic policy for non-eurozone Western countries

J. W. Nevile and Peter Kriesler.

in Cambridge Journal of Economics

November 2014; p ublished online March 2013 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Monetary Policy, Central Banking, and the Supply of Money and Credit; Macroeconomics and Monetary Economics. 10422 words.

Radical changes in macroeconomic policy could produce a brighter future. The neoclassical myth that a free-market economy inevitably moves to an equilibrium position determined solely by...

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Budget Institutions and Fiscal Performance in Africa

Sophia Gollwitzer.

in Journal of African Economies

January 2011; p ublished online October 2010 .

Journal Article. Subjects: National Budget, Deficit, and Debt; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 13530 words.

This paper develops an index measuring the adequacy of the institutions, rules and procedures governing the budget process in forty-six African countries, presenting the most comprehensive...

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Building Economic Models Corresponding to the Real World

Ray Huffaker.

in Applied Economic Perspectives and Policy

December 2015; p ublished online August 2015 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Methodology. 6329 words.

Increasingly, there are calls to audit models used in public policy for how accurately they portray the reality facing policy makers. Although models cannot be logically verified as...

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Building faith in a common currency: can the eurozone get beyond the Common Market logic?

Pascal Petit.

in Cambridge Journal of Economics

January 2012; p ublished online January 2012 .

Journal Article. Subjects: International Relations and International Political Economy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Public Economics; Macroeconomics and Monetary Economics. 5935 words.

Building faith in a common future, which is at the core of the making of a common currency, has been declining since the turn of the 1980s. The economic neoliberalism that diffused...

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CAN LOBBYING PREVENT ANTICOMPETITIVE OUTCOMES? EVIDENCE ON CONSUMER MONOPSONY IN TELECOMMUNICATIONS

Dino Falaschetti.

in Journal of Competition Law & Economics

December 2008; p ublished online June 2008 .

Journal Article. Subjects: Marketing; Analysis of Collective Decision-making; Energy and Utilities; Antitrust Issues and Policies; Law and Economics; Regulation and Industrial Policy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Public Economics. 12089 words.

When basic competition rules cannot stop market power abuses, industry-specific regulations can improve economic performance. But regulations are also more immediately exposed to political...

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Capital accumulation, labour market institutions and unemployment in the medium run

Engelbert Stockhammer and Erik Klär.

in Cambridge Journal of Economics

March 2011; p ublished online July 2010 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 9233 words.

According to the mainstream view, labour market institutions (LMIs) are the key determinants of unemployment in the medium run. The actual empirical explanatory power of measures for labour...

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Central banks and house prices in the run-up to the crisis

David Cobham.

in Oxford Economic Papers

April 2013; p ublished online December 2012 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Monetary Policy, Central Banking, and the Supply of Money and Credit. 10420 words.

The financial crisis and the role played within it by fluctuations in house prices has reopened the debate about whether monetary policy should respond to asset prices. This paper...

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Conditional Election and Partisan Cycles in Government Support to the Agricultural Sector: An Empirical Analysis

Jeroen Klomp and Jakob de Haan.

in American Journal of Agricultural Economics

July 2013; p ublished online May 2013 .

Journal Article. Subjects: National Government Expenditures and Related Policies; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Agricultural Economics. 11971 words.

We examine the effect of elections and government ideology on public funding to the agricultural sector using a panel model for more than 70 democratic countries from 1975-2009. We find...

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The consequences of fiscal stimulus on public debt: a historical perspective

W. D. McCausland and I. Theodossiou.

in Cambridge Journal of Economics

July 2016; p ublished online September 2015 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomics and Monetary Economics; Growth and Fluctuations. 6969 words.

The current policy agenda of neoclassical macroeconomics, as expressed within conservative political circles in the UK and European Union, is that fiscal contraction is the lever that can...

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Controls on capital inflows and the transmission of external shocks

Antonio C. David.

in Cambridge Journal of Economics

November 2008; p ublished online May 2008 .

Journal Article. Subjects: Economywide Country Studies; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Development; International Finance. 8139 words.

In this paper we attempt to analyse whether price-based controls on capital inflows are successful in insulating economies against external shocks. We present results from vector...

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The crisis as opportunity? On the role of the Troika in constructing the European consolidation state

Judith Clifton, Daniel Diaz-Fuentes and Ana Lara Gómez.

in Cambridge Journal of Regions, Economy and Society

October 2018; p ublished online October 2018 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; International Finance; Public Economics. 11625 words.

Abstract

The 2008 financial crisis has been seen as providing an opportunity for core eurozone members to push neoliberal policies onto the periphery in order...

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The Cyclical Nature of Fiscal Policy in Sub-Saharan Africa

César Calderón and Ha Nguyen.

in Journal of African Economies

August 2016; p ublished online August 2016 .

Journal Article. Subjects: Money and Interest Rates; Monetary Policy, Central Banking, and the Supply of Money and Credit; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 14440 words.

Historically, fiscal policy in Sub-Saharan Africa (SSA) has been procyclical. Governments have raised taxes and cut spending in bad times and have expanded the size of the government in...

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