 | Optimism Bias in Growth Forecasts—The Role of Planned Policy Adjustments Author/Editor: Kareem Ismail, Roberto Perrelli, Jessie Yang. Release Date:November, 2020 Are IMF growth forecasts systematically optimistic? And if so, what is the role of planned policy adjustments on this outcome? Are program forecasts as biased as surveillance forecasts? We try to more...
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| Financial Depth in the WAEMU: Benchmarking Against Frontier SSA Countries Author/Editor: Calixte Ahokpossi, Kareem Ismail, Sudipto Karmakar, Mesmin Koulet-Vickot. Release Date:July, 2013 Financial depth in Sub-Saharan Africa (SSA) has been uneven over the last two decades. The WAEMU countries are lagging behind other regions, particularly the High Growth Non-oil Exporters (HGNOEs) more...
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| Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease Author/Editor: Kareem Ismail, Rabah Arezki. Release Date:April, 2010 We examine the behavior of expenditure policy during boom-bust in commodity price cycles, and its implication for real exchange rate movements. To do so, we introduce a Dutch disease model with more...
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| The Structural Manifestation of the ‘Dutch Disease’ : The Case of Oil Exporting Countries Author/Editor: Kareem Ismail. Release Date:April, 2010 This study derives structural implications of the Dutch disease in oil-exporting countries due to permanent oil price shocks from a typical model. We then test these implications in manufacturing more...
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