This paper is an account of the re-construction of a macroeconomic dataset for Uganda. The sources of data, the splicing together of consumer price indices and interpolation of missing quarterly observations, the interpolation of quarterly GDP and the estimation of quarterly monetary GDY and...

This paper examines the effects of fiscal and monetary policy in a two-sectorial endogenous growth model.

In the 1980s. India experimented with deregulation in industry and trade. Manufacturing output accelerated but employment declined. The latter has raised doubt regarding desirability of policy reforms.This paper provides an explanation of the employment decline that sheds light on the manner in...

A Layard/Nickell imperfect competition model is used to derive the long-run Phillips Curve (LRPC).

We examine whether credit contributes to business cycle fluctuations by dirctly affecting consumption rather than through the new well understood investment channel.

This paper extends the REPIH to allow for stochastic shifts in the utility function. The motivation for this is the substantial autonomous fluctuations in UK consumption at the business cycles and seasonal frequencies as well as the influence of demographics on preferences.

We study the role of preferences in the process of unemployment benefit determination. Perhaps surprisingly, survey evidence for the UK suggests that both the employed and unemployed wish to see a more generous level of unemployment benefits.