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How Can Burundi Raise Its Growth Rate?The Impact of Civil Conflicts and State Intervention on Burundi's Growth Performance

Basdevant, Olivier - 2009

Over the last thirty years Burundi's low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented Burundi's economy from growing faster. Lack of investment, civil conflict, economic inefficiencies,...

Persistent link: https://www.econbiz.de/10012677702

Macroeconomic Stability and Inclusive Growth

Davoodi, Hamid - 2021

We survey the literature on the relationship between macroeconomic stability and inclusive growth and identify gaps in our knowledge. We examine the role of macroeconomic policies (fiscal, monetary, macroprudential, and exchange rate) and measures of inclusiveness (income inequality, consumption...

Persistent link: https://www.econbiz.de/10015057903

Output Gap Uncertainty and Real-Time Monetary Policy

Grigoli, Francesco; Herman, Alexander; Swiston, Andrew; … - International Monetary Fund (IMF) - 2015

Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that...

Persistent link: https://www.econbiz.de/10011163120

Investment-Specific Productivity Growth; Chile in a Global Perspective

Bella, Gabriel Di; Cerisola, Martin - International Monetary Fund (IMF) - 2009

By the end of 2007, Chile's total factor productivity was lower than ten years earlier, a performance that contrasted … in Chile, by decomposing productivity into investment-specific technological change (associated with improvements in the … investment-specific technological improvements have contributed significantly to long-term growth in Chile, in line with trends …

Persistent link: https://www.econbiz.de/10008497610

Beyond Macroeconomic Stability : The Quest for Industrialization in Uganda

Selassie, Abebe Aemro - 2008

Uganda has registered one of the most impressive economic turnarounds of recent decades. The amelioration of conflict and wide ranging economic reforms kick-started rapid economic growth that has now been sustained for some 20 years. But there is a strong sense in policy making circles that...

Persistent link: https://www.econbiz.de/10014409068

The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications

Beidas-Strom, Samya - 2009

This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per capita consumer spending volatility this decade; (ii) a...

Persistent link: https://www.econbiz.de/10012677529

Beyond Macroeconomic Stability

Selassie, Abebe Aemro - 2008

Persistent link: https://www.econbiz.de/10012677670

International Evidence on Recovery from Recessions

Cerra, Valerie - 2009

Although negative shocks have persistent effects on output on average, this paper shows that macroeconomic policies and the structure of the economy can influence the speed of recovery and mitigate the persistence of the shock. Indeed, monetary and fiscal stimulus and foreign aid can spur a...

Persistent link: https://www.econbiz.de/10012677840

How to Stop a Herd of Running Bears? Market Response to Policy Initiatives during the Global Financial Crisis

Fund, International Monetary - 2009

This paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia. Announcements of interest rate cuts, liquidity support, liability...

Persistent link: https://www.econbiz.de/10012677874

Structural Reforms in the Euro Area : Economic Impact and Role of Synchronization Across Markets and Countries

Schule, Werner - 2006

Persistent link: https://www.econbiz.de/10012691025