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Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook x Economic Development and Growth x clear all

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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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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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Employment and growth in Europe and the US—the role of fiscal policy composition

Tine Dhont and Freddy Heylen.

in Oxford Economic Papers

July 2009; p ublished online October 2008 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Growth and Aggregate Productivity. 9853 words.

We construct a simple endogenous growth model to analyse the relationship between the composition of fiscal policy, economic growth and employment. The government sets different tax rates...

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Fertility, income inequality, and labour productivity

Ross Guest and Robyn Swift.

in Oxford Economic Papers

October 2008; p ublished online February 2008 .

Journal Article. Subjects: Multiple or Simultaneous Equation Models; Multiple Variables; Fiscal Policies and Behaviour of Economic Agents; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Growth and Aggregate Productivity. 7222 words.

There is mounting evidence of a complex system of multi-directional links between fertility, productivity and inequality. The contribution of this study is a multi-country analysis of these...

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Fiscal Reforms and Public Investment in Africa

Christopher Adam and David Bevan.

in Journal of African Economies

March 2015; p ublished online February 2015 .

Journal Article. Subjects: National Budget, Deficit, and Debt; National Government Expenditures and Related Policies; Development Planning and Policy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Development. 11096 words.

Extending a model by Buffie et al. (2012), we explore the macroeconomic implications of public investment and fiscal reforms in an environment where the tax system is distortionary. We...

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Fossil fuel producers under threat

Frederick van der Ploeg.

in Oxford Review of Economic Policy

January 2016; p ublished online April 2016 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance; Economics; Technological Change; Research and Development; Non-renewable Resources and Conservation; Energy Economics; Environmental Economics. 9448 words.

Oil and gas producers face three threats: prolonged low oil and gas prices, tightening of climate policy and a tough budget on cumulative carbon emissions, and technological innovation...

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The four fallacies of contemporary austerity policies: the lost Keynesian legacy

Robert Boyer.

in Cambridge Journal of Economics

January 2012; p ublished online January 2012 .

Journal Article. Subjects: Public Economics; History of Economic Thought (1925 onwards); Economywide Country Studies; Money and Interest Rates; International Finance; National Budget, Deficit, and Debt; General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance. 11726 words.

The contemporary wide-scale austerity measures are likely to fail in most countries. The first fallacy derives from the false diagnosis that the present crisis is the outcome of lax public...

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Gender, Development and Economic Growth in Sub-Saharan Africa

Stephanie Seguino and Maureen Were.

in Journal of African Economies

January 2014; p ublished online January 2014 .

Journal Article. Subjects: Economywide Country Studies; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Methodology; Economic Development. 14349 words.

A plethora of scholars have attempted to discern the causes of slow growth in the sub-Saharan Africa region. The effects of global economic integration, corruption, geography and ethnic...

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Green growth, degrowth, and the commons

Michael Jakob and Ottmar Edenhofer.

in Oxford Review of Economic Policy

January 2014; p ublished online February 2015 .

Journal Article. Subjects: Welfare and Poverty; Publicly Provided Goods; Taxation, Subsidies, and Revenue; Environmental Economics; Economic Growth and Aggregate Productivity; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 10718 words.

The concepts of ‘green growth’ and ‘degrowth’ occupy central positions in the public debate on the relationship between economic growth and the environment. While proponents of the former...

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Growth in the Shadow of Expropriation

Mark Aguiar and Manuel Amador.

in The Quarterly Journal of Economics

May 2011; p ublished online June 2011 .

Journal Article. Subjects: International Factor Movements and International Business; Economic Growth and Aggregate Productivity; International Finance; Capitalist Systems; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance. 15695 words.

We propose a tractable variant of the open economy neoclassical growth model that emphasizes political economy and contracting frictions. The political economy frictions involve a...

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How large is the Government Spending Multiplier? Evidence from World Bank Lending

Aart Kraay.

in The Quarterly Journal of Economics

May 2012; p ublished online March 2012 .

Journal Article. Subjects: Development Planning and Policy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 19426 words.

This article proposes a novel approach to empirically identifying government spending multipliers that relies on two features unique to many low-income countries: (1) borrowing from the...

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Is Foreign Aid Fungible? Evidence from the Education and Health Sectors

Nicolas Van de Sijpe.

in The World Bank Economic Review

June 2013; p ublished online October 2012 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; International Finance; National Government Expenditures and Related Policies; Development Planning and Policy. 14925 words.

This paper adopts a new approach to the issue of foreign aid fungibility. Unlike most existing empirical studies, I employ panel data that contain information on the specific purposes for...

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Is the accumulation of international reserves good for development?

Moritz Cruz and Bernard Walters.

in Cambridge Journal of Economics

September 2008; p ublished online June 2008 .

Journal Article. Subjects: General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance; Economic Development. 9028 words.

International reserves accumulation has been the preferred policy recently adopted by developing economies to achieve financial stability. The aim of this policy is to increase liquidity...

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The moral and fiscal implications of antiretroviral therapies for HIV in Africa

Paul Collier and Olivier Sterck.

in Oxford Economic Papers

April 2018; p ublished online February 2018 .

Journal Article. Subjects: Economics of Health; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Development. 10318 words.

Abstract

Thanks to antiretroviral therapies (ART), people living with HIV (PLHIV) can now have a near-normal life at a cost of a few hundred dollars per year. ...

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National accounting for infrastructure

Joe Grice.

in Oxford Review of Economic Policy

January 2016; p ublished online July 2016 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Publicly Provided Goods; National Government Expenditures and Related Policies; Economic Growth and Aggregate Productivity. 6648 words.

This article discusses how more systematic information can be compiled about the state of the UK infrastructure. It stresses the importance of considering the stock and not just the flow of...

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Not your grandfather's IMF: global crisis, ‘productive incoherence’ and developmental policy space

Ilene Grabel.

in Cambridge Journal of Economics

September 2011; p ublished online September 2011 .

Journal Article. Subjects: International Relations and International Political Economy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Development Planning and Policy. 14776 words.

The response by the International Monetary Fund (IMF) (and developing country national governments) to the current global financial crisis represents a moment of what I term ‘productive...

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On the sustainability of external debt: is debt relief enough?

Gianni Vaggi and Annalisa Prizzon.

in Cambridge Journal of Economics

September 2014; p ublished online December 2013 .

Journal Article. Subjects: National Budget, Deficit, and Debt; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Development. 7412 words.

Elaborating on Pasinetti (1998), the ‘geometry of debt sustainability’ (GDS) represents an analytical tool for the analysis of the long term sustainability of foreign debt. The paper...

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Political Influence on Fiscal and Monetary Policy in Sub-Saharan Africa

Rebecca Neumann and John Ssozi.

in Journal of African Economies

January 2016; p ublished online August 2015 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Development Planning and Policy; Macroeconomics and Monetary Economics; Growth and Fluctuations; Capitalist Systems. 18120 words.

This article examines the extent to which political variables affect budget deficits, money growth and inflation in Sub-Saharan Africa (SSA). Using the Arellano–Bond dynamic panel data...

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Resource Funds: Stabilising, Parking, and Inter-generational Transfer

Anthony J. Venables and Samuel E. Wills.

in Journal of African Economies

September 2016; p ublished online October 2016 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; International Finance; Macroeconomic Aspects of International Trade and Finance; Taxation, Subsidies, and Revenue; National Budget, Deficit, and Debt; Economic Development; Non-renewable Resources and Conservation. 9815 words.

The paper explores strategies for managing revenue from natural resources, focusing on the balance between domestic and foreign asset accumulation. It suggests that domestic asset...

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Should Countries Invest Resource Revenues Abroad When Demands for Public Infrastructure Are Pressing at Home? The Dilemma of Sovereign Wealth Funds in Sub-Saharan Africa

Joe Amoako-Tuffour.

in Journal of African Economies

September 2016; p ublished online October 2016 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; International Finance; Macroeconomic Aspects of International Trade and Finance; Economic Development; Non-renewable Resources and Conservation. 8447 words.

Setting aside some resource revenues for future generations is not controversial. So is the need to set aside some of the revenues as fiscal buffers against the risk of uncertain revenue...

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