 | Effective Fiscal-Monetary Interactions in Severe Recessions Author/Editor: Jiaqian Chen, Raphael A Espinoza, Carlos Goncalves, Tryggvi Gudmundsson, Martina Hengge, Zoltan Jakab, Jesper Lindé. Release Date:September, 2022 The COVID-19 pandemic and the subsequent need for policy support have called the traditional separation between fiscal and monetary policies into question. Based on simulations of an open economy more...
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| COVID-19 in Latin America: A High Toll on Lives and Livelihoods Author/Editor: Bas B Bakker, Carlos Goncalves. Release Date:June, 2021 Latin America was hit hard by Covid-19, both in terms of lives and livelihoods. Early lockdowns in the second quarter of 2020 prevented an explosion of deaths at the time but did not stop the more...
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| Exchange Rate Misalignment and Growth: A Myth? Author/Editor: Carlos Goncalves, Mauro Rodrigues. Release Date:December, 2017 The impact of real exchange rate movements on GDP growth is a hotly debated issue both in policy and academic circles. In this paper, we provide evidence suggesting that the association between more...
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| Taylor Visits Africa Author/Editor: Carlos Goncalves. Release Date:December, 2015 Many low-income countries do not use interest rates as their main monetary policy instrument. In East Africa, for instance, targeting money aggregates has been pretty much the rule rather than the more...
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