|Macroeconomic Management When Policy Space is Constrained : A Comprehensive, Consistent and Coordinated Approach to Economic Policy|
Author/Editor: Vitor Gaspar, Maurice Obstfeld, Ratna Sahay, Douglas Laxton, Dennis P Botman, Kevin Clinton, Romain A Duval, Kotaro Ishi, Zoltan Jakab, Laura Jaramillo, Constant A Lonkeng Ngouana, Tommaso Mancini Griffoli, Joannes Mongardini, Susanna Mursula, Erlend Nier, Yulia Ustyugova, Hou Wang, Oliver Wuensch.
Release Date:September, 2016
The recovery in GDP growth since the global financial crisis has been halting and weak. Concern is widespread that countercyclical policies have run out of space or lack the power to raise growth or more...
|Energy Subsidies and Public Social Spending : Theory and Evidence|
Author/Editor: Christian Ebeke, Constant Lonkeng Ngouana.
Release Date:May, 2015
This paper shows that high energy subsidies and low public social spending can emerge as anequilibrium outcome of a political game between the elite and the middle-class when the provisionof public more...
|Global Monetary Tightening: Emerging Markets Debt Dynamics and Fiscal Crises|
Author/Editor: Julio Escolano, Christina Kolerus, Constant Lonkeng Ngouana.
Release Date:December, 2014
This paper finds that tightening global financial conditions can worsen emerging economies’ public debt dynamics through an increasing interest rate-growth differential, particularly if coupled more...
|Household Production, Services and Monetary Policy|
Author/Editor: Constant Lonkeng Ngouana.
Release Date:August, 2012
A distinctive feature of market-provided services is that some of them have close substitutes at home. Households may therefore switch between consuming home and market services in response to more...