The authors present a new tool, the RMSM-X+P, which essentially consists of a RMSM-X model with an additional module for poverty and social indicators. This linkage facilitates the analysis of the impact of various macroeconomic shocks on a selected set of key social indicators. Poverty analysis...

The partnership between the Inter-American Development Bank and the countries of Latin America and the Caribbean to integrate the requirements of an emerging knowledge-based global economy into development planning is a work in progress. It is a multidimensional and multilevel effort involving...

The partnership between the Inter-American Development Bank and the countries of Latin America and the Caribbean to integrate the requirements of an emerging knowledge-based global economy into development planning is a work in progress. It is a multidimensional and multilevel effort involving...

The author aims to empirically determine the significant factors that affect the levels of budget deficits of central governments across time and across countries. He empirically tests two prominent theories of budget deficits-the Barro (1979) tax-smoothing approach, and the still-untested...

The author develops, and applies a macroeconomic framework to ascertain the influence of domestic disequilibria, and external shocks on inflation dynamics in Uzbekistan. Using quarterly data for the period 1994:01 to 2000:03, he estimates several"long-run"relationships for the goods, money, and...

In the decades-old intense debate on foreign aid, a great deal has been said about qualitative aspects of aid and aid-effectiveness (i.e. fungibility, among other things). The latest landmark in the debate was the World Bank publication Assessing Aid: What Works, What Doesn't, and Why, which...

The author presents an internally consistent macroeconomic framework that could be used as a first step toward a more comprehensive, quantitative and qualitative assessment of the adjustment alternatives facing Uzbekistan. The three-gap framework focuses on the major imbalances of the economy...

This study presents an internally consistent macroeconomic framework that could be used as a first step toward a more comprehensive quantitative and qualitative assessment of the adjustment alternatives facing Uzbekistan. The three-gap frame work focuses on the major imbalances of the economy...

Assessing Aid: What Works, What Doesn't, and Why (The World Bank, 1998) generated a new wave of controversy about foreign aid and policy conditionality that had seen several decades of intense debate. Much of the recent debate has focused on the aid-growth relationship and the role...