 | Public Investment, Growth, and Debt Sustainability: Putting together the Pieces : Putting together the Pieces Release Date:June, 2012 We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt more...
| Price: $20.00
|  | Interest Rate Rules, Endogenous Cycles, and Chaotic Dynamics in Open Economies Author/Editor: Marco Airaudo, Luis-Felipe Zanna. Release Date:May, 2012 We present an extensive analysis of the consequences for global equilibrium determinacy in flexible-price open economies of implementing active interest rate rules, i.e., monetary rules where the more...
| Price: $18.00
| | As You Sow So Shall You Reap: Public Investment Surges, Growth, and Debt Sustainability in Togo Author/Editor: Michal Andrle, Antonio David, Raphael A. Espinoza, Marshall Mills, Luis-Felipe Zanna. Release Date:May, 2012 This paper presents an analysis of the public investment scaling-up strategy for Togo using a dynamic macroeconomic model that explicitly analyzes the links between public investment, economic more...
| Price: $18.00
| | The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland Author/Editor: Luis-Felipe Zanna, Olivier Basdevant, Susan Yang, Genevieve Verdier, Joannes Mongardini, Borislava Mircheva, Dalmacio Benicio. Release Date:November, 2011 Botswana, Lesotho, Namibia, and Swaziland face the serious challenge of adjusting not only to lower Southern Africa Customs Union (SACU) transfers because of the global economic crisis, but also to a more...
| Price: $18.00
| | Learning About Inflation Measures for Interest Rate Rules Author/Editor: Luis-Felipe Zanna, Marco Airaudo. Release Date:December, 2010 Empirical evidence suggests that goods are highly heterogeneous with respect to the degree of price rigidity. We develop a DSGE model featuring heterogeneous nominal rigidities across two sectors to more...
| Price: $18.00
| | Business Cycle Fluctuations, Large Shocks, and Development Aid : New Evidence Author/Editor: Era Dabla-Norris, Camelia Minoiu, Luis-Felipe Zanna. Release Date:October, 2010 We examine the cyclical properties of development aid using bilateral data for 22 donors and over 100 recipients during 1970?2005. We find that bilateral aid flows are on average procyclical with more...
| Price: $18.00
| | The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios Author/Editor: Rafael Portillo, Andrew Berg, Jan Gottschalk, Luis-Felipe Zanna. Release Date:July, 2010 We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of more...
| Price: $18.00
| | The Short-Run Macroeconomics of Aid Inflows : Understanding the Interaction of Fiscal and Reserve Policy 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...
| Price: $18.00
| | Budget Institutions and Fiscal Performance in Low-Income Countries Author/Editor: Sophia Gollwitzer, Eteri Kvintradze, Tej Prakash, Luis-Felipe Zanna, Era Dabla-Norris, Richard Allen, Irene Yackovlev, Victor Duarte Lledo. Release Date:March, 2010 This paper presents, for the first time, multi-dimensional indices of the quality of budget institutions in low-income countries. The indices allow for benchmarking against the performance of more...
| Price: $18.00
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