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Supply shocks bring about important dilemmas for monetary policy in emerging economies. We compute monetary policy responses to supply shocks using quarterly data and a Bayesian panel VAR for 24 emerging economies during the period 2004-2019. In this framework, we identify supply shocks as...
Persistent link: https://www.econbiz.de/10014375465
A key challenge in the collective endeavour to combat the climate emergency is the shift of global investment and financing flows that underpin current and future growth to low-carbon, climate-resilient (LCCR) growth. The global community recognises this challenge: it is one of the three...
Persistent link: https://www.econbiz.de/10012183477
Kenya poses a conundrum. Its top-line economic growth has been impressive and it has been one of the fastest-growing economies in sub-Saharan Africa over the past decade. However, poverty has not fallen as fast as it should have in light of this strong economic growth. Extreme and urban poverty...
Persistent link: https://www.econbiz.de/10012306614
This report explores the relationship between oil and gas dependency and a country's debt burden, where repayments are potentially reliant on fossil fuel revenues. In particular, by looking at the interaction between oil and gas prices and public finances over a 11-year period (2010-2020) for a...
Persistent link: https://www.econbiz.de/10014312098