Jean-Louis Combes

Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate

This paper analyzes the impact of capital inflows and exchange rate flexibility on the real exchange rate in developing countries based on panel coint...

Food Price Shocks and Household Consumption in Developing Countries: The Role of Fiscal Policy

This paper studies whether fiscal policy plays a stabilizing role in the context of import food price shocks. More precisely, the paper assesses wheth...

Inflation Targeting and Fiscal Rules

Do Interactions and Sequencing Matter?

The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced an...

Are Foreign Aid and Remittance Inflows a Hedge Against Food Price Shocks?

This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of deve...

What Does Aid Do to Fiscal Policy? New Evidence

Foreign aid is a sizable source of government financing for several developing countries and its allocation matters for the conduct of fiscal policy. ...

How Does Trade Openness Influence Budget Deficits in Developing Countries?

This paper analyzes the effects of trade openness on budget balances by distinguishing the effects of natural openness from those of trade-policy indu...