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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
Should We Fear the Robot Revolution? (The Correct Answer is Yes)

Author/Editor: Andrew Berg, Edward F Buffie, Luis-Felipe Zanna.

Release Date:May, 2018

We may be on the cusp of a “second industrial revolution” based on advances in artificial intelligence and robotics. We analyze the implications for inequality and output, using a model with two more...



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Inflation Targeting and Exchange Rate Management In Less Developed Countries

Author/Editor: Marco Airaudo, Edward F. Buffie, Luis-Felipe Zanna.

Release Date:March, 2016

We analyze coordination of monetary and exchange rate policy in a two-sector model of a
 small open economy featuring imperfect substitution between domestic and foreign financial
 more...



Price: $18.00
Some Misconceptions about Public Investment Efficiency and Growth

Author/Editor: Andrew Berg, Edward F. Buffie, Catherine A. Pattillo, Rafael Portillo, Andrea Presbitero, Luis-Felipe Zanna.

Release Date:December, 2015

We reconsider the macroeconomic implications of public investment efficiency, defined as
 the ratio between the actual increment to public capital and the amount spent. We show more...



Price: $18.00
Efficient Energy Investment and Fiscal Adjustment in Senegal

Author/Editor: Salifou Issoufou, Edward F. Buffie, Mouhamadou Bamba Diop, Kalidou Thiaw.

Release Date:March, 2014

Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, more...



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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