Author/Editor: Wenyi Shen, Susan S. Yang, Luis-Felipe Zanna.

Release Date:December, 2015

Despite the voluminous literature on fiscal policy, very few papers focus on low-income
 countries (LICs). This paper develops a new-Keynesian small open economy model to show,
 more...

Author/Editor: Corinne Delechat, John Clark JR, Pranav Gupta, Malangu Kabedi-Mbuyi, Mesmin Koulet-Vickot, Carla Macario, Toomas Orav, Manuel Rosales, Rene Tapsoba, Dmitry Zhdankin, Susan Yang.

Release Date:February, 2015

Like other fragile sub-Saharan African countries, Côte d’Ivoire, Guinea, Liberia, and Sierra Leone are seeking to harness their natural resource potential in the context of ambitious development more...

Author/Editor: Huixin Bi, Wenyi Shen, Susan S. Yang.

Release Date:March, 2014

This paper studies fiscal policy effects in developing countries with external debt and sovereign default risks. State-dependent distributions of fiscal limits are simulated based on macroeconomic more...

Author/Editor: Giovanni Melina, Susan S. Yang, Luis-Felipe Zanna.

Release Date:March, 2014

This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in more...

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...