Author/Editor: Jihad Dagher, Jan Gottschalk, Rafael Portillo.

Release Date:May, 2010

We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the more...

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

Release Date:March, 2010

We develop a tractable open-economy new-Keynesian model with two sectors to analyze the short-term effects of aid-financed fiscal expansions. We distinguish between spending the aid, which is under more...

Author/Editor: Dimitre Milkov, Rafael A Portillo, Plamen K Iossifov, John Wakeman-Linn.

Release Date:July, 2009

The financial sector of the Central African Economic and Monetary Community (CEMAC) has been seriously affected by the global financial crisis and resulting global recession. This note assesses the more...

Author/Editor: Masahiro Nozaki, Tobias Roy, Pawel Dyczewski, Bernhard Fritz-Krockow, Fanny M Torres Gavela, Gamal Z El-Masry, Rafael A Portillo.

Release Date:March, 2009

This paper analyzes the economic growth and stability in Suriname. The paper highlights that in recent years, the outlook has turned substantively more positive. The favorable external environment more...

Author/Editor: Masahiro Nozaki, Tobias Roy, Pawel Dyczewski, Bernhard Fritz-Krockow, Fanny M Torres Gavela, Gamal Z El-Masry, Rafael A Portillo.

Release Date:March, 2009

This paper analyzes the economic growth and stability in Suriname. The paper highlights that in recent years, the outlook has turned substantively more positive. The favorable external environment more...