The median developing country has had significantly higher inflation than the median advanced country since the early 1980s. A model is presented in which a developing country may reduce inflationary expectations by pegging its exchange rate to the currency of an advanced country (or a basket of...

Fiscal indicators for resource-rich and resource-poor low- and middle-income countries are compared using annual data from 1996 to 2012. Resource richness is defined by export composition: fuel greater than a 25 percent share and/or ores and metals greater than a 10 percent share. Fuel exporters...

Der Autor untersucht den Zusammenhang zwischen innenpolitischer Unsicherheit und dem Niveau der privaten Investitionstätigkeit in Südafrika sowie die Frage, ob die klimabedingte intensive Zurückhaltung zu dauerhaftem Investitionsverlust oder nur zu einer zeitlichen Verschiebung der...