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Loss-of-Learning and the Post-Covid Recovery in Low-Income Countries

Author/Editor: Edward F Buffie, Christopher S Adam, Luis-Felipe Zanna, Kangni R Kpodar.

Release Date:February, 2022

We analyze the medium-term macroeconomic impact of the Covid-19 pandemic and associated lock-down measures on low-income countries. We focus on the impact over the medium-run of the degradation of more...



Price: $5.00
Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets

Author/Editor: Edward F Buffie, Luis-Felipe Zanna, Christopher S Adam, Lacina Balma, Dawit Tessema, Kangni R Kpodar.

Release Date:June, 2020

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented more...



Price: $18.00
The Minimum Wage Puzzle in Less Developed Countries: Reconciling Theory and Evidence

Author/Editor: Christopher S Adam, Edward F Buffie.

Release Date:January, 2020

We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of more...



Price: $18.00
VAR meets DSGE : Uncovering the Monetary Transmission Mechanism in Low-Income Countries

Author/Editor: Bin Grace Li, Stephen A O'Connell, Christopher Adam, Andrew Berg, Peter Montiel.

Release Date:April, 2016

VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in low-income countries (LICs). But are structural VARs identified via short-run restrictions more...



Price: $18.00
Public Investment, Public Finance, and Growth: The Impact of Distortionary Taxation, Recurrent Costs, and Incomplete Appropriability

Author/Editor: Christopher Adam, David Bevan.

Release Date:May, 2014

Effective public investment requires governments to address the recurrent cost problem to ensure operations and maintenance (O&M) expenditures are sufficient to sustain the flow of more...



Price: $18.00
Monetary Policy Rules for Managing Aid Surges in Africa

Author/Editor: Edward F Buffie, Stephen A O'Connell, Catherine A Pattillo, Christopher Adam.

Release Date:July, 2007

Since the turn of the century, aid flows to Africa have increased on average and become more volatile. As a result, policymakers, particularly in post-stabilization countries where inflation has only more...



Price: $18.00
Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa

Author/Editor: Catherine A Pattillo, Stephen A O'Connell, Christopher Adam, Edward F Buffie.

Release Date:November, 2004

We focus on the management of highly persistent shocks to aid flows, including PRSP-related increases in net inflows, in three “post-stabilization.” African economies with de more...



Price: $15.00