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For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation

Author/Editor: Andrew Berg, Lahcen Bounader, Nikolay Gueorguiev, Hiroaki Miyamoto, Kenji Moriyama, Ryota Nakatani, Luis-Felipe Zanna.

Release Date:July, 2021

Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of production, a trend that may be further aggravated by the COVID-19 crisis. Yet more...



Price: $5.00
Will the AI Revolution Cause a Great Divergence?

Author/Editor: Cristian Alonso, Andrew Berg, Siddharth Kothari, Chris Papageorgiou, Sidra Rehman.

Release Date:September, 2020

This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI more...



Price: $18.00
Should We Fear the Robot Revolution? (The Correct Answer is Yes)

Author/Editor: Andrew Berg, Edward F Buffie, Luis-Felipe Zanna.

Release Date:May, 2018

We may be on the cusp of a “second industrial revolution” based on advances in artificial intelligence and robotics. We analyze the implications for inequality and output, using a model with two more...



Price: $18.00
Growth-Equity Trade-offs in Structural Reforms

Author/Editor: Jonathan David Ostry, Andrew Berg, Siddharth Kothari.

Release Date:January, 2018

Do structural reforms that aim to boost potential output also change the distribution of income? We shed light on this question by looking at the broad patterns in the cross-country data covering more...



Price: $18.00
VAR meets DSGE : Uncovering the Monetary Transmission Mechanism in Low-Income Countries

Author/Editor: Bin Grace Li, Stephen A O'Connell, Christopher Adam, Andrew Berg, Peter Montiel.

Release Date:April, 2016

VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in low-income countries (LICs). But are structural VARs identified via short-run restrictions more...



Price: $18.00
Some Misconceptions about Public Investment Efficiency and Growth

Author/Editor: Andrew Berg, Edward F. Buffie, Catherine A. Pattillo, Rafael Portillo, Andrea Presbitero, Luis-Felipe Zanna.

Release Date:December, 2015

We reconsider the macroeconomic implications of public investment efficiency, defined as
 the ratio between the actual increment to public capital and the amount spent. We show more...



Price: $18.00
Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries

Author/Editor: Andrew Berg, Enrico Berkes, Catherine A. Pattillo, Andrea Presbitero, Yorbol Yakhshilikov.

Release Date:March, 2014

The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in Low Income Countries (LICs). At the core of the DSF are empirically-based more...



Price: $18.00
Redistribution, Inequality, and Growth

Author/Editor: Jonathan David Ostry, Andrew Berg, Charalambos G Tsangarides.

Release Date:February, 2014

The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering more...



Price: $10.00
Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime

Author/Editor: Andrew Berg, Rafael A Portillo, Luis-Felipe Zanna.

Release Date:January, 2014

We study the role of the exchange rate regime, reserve accumulation, and sterilization policies inthe macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption more...



Price: $18.00
Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya

Author/Editor: Michal Andrle, Andrew Berg, Enrico Berkes, Rafael A Portillo, Jan Vlcek, R Armando Morales.

Release Date:November, 2013

We extend the framework in Andrle and others (2013) to incorporate an explicit role for money targets and target misses in the analysis of monetary policy in low-income countries (LICs), with an more...



Price: $18.00
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