This paper investigates optimal monetary policy in response to fundamental innovations that affect asset prices. The fundamental innovations considered include productivity, investment efficiency, taste and bankruptcy cost innovations. I find that a central bank can stabilise the economy well...

Climate variability poses a severe threat to subsistence farmers in southern Africa. Two different approaches have emerged in recent years to address these threats: the use of seasonal precipitation forecasts for risk reduction (for example, choosing seed varieties that can perform well for...

Climate variability poses a severe threat to subsistence farmers in southern Africa. Two different approaches have emerged in recent years to address these threats: the use of seasonal precipitation forecasts for risk reduction (for example, choosing seed varieties that can perform well for...