 | 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...
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| | 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...
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| | Afghanistan: Balancing Social and Security Spending in the Context of Shrinking Resource Envelope Author/Editor: Aqib Aslam, Enrico Berkes, Martin Fukac, Jeta Menkulasi, Axel Schimmelpfennig. Release Date:May, 2013 For Afghanistan, the dual prospect of declining donor support and high ongoing security spending over the medium term keeps the government budget tight. This paper uses a general equilibrium model to more...
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|  | Too Much Finance? Author/Editor: Jean-Louis Arcand, Enrico Berkes, Ugo Panizza. Release Date:June, 2012 This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can more...
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