Mr.Edward F Buffie

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

We may be on the cusp of a “second industrial revolution” based on advances in artificial intelligence and robotics. We analyze the implications f...

Inflation Targeting and Exchange Rate Management In Less Developed Countries

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

Efficient Energy Investment and Fiscal Adjustment in Senegal

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 t...

Some Misconceptions about Public Investment Efficiency and Growth

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

Macroeconomic Dimensions of Public-Private Partnerships

The voluminous literature comparing public-private partnerships (P3s) and own-investment (OI) by the public sector is dominated by contributions from ...

Public Investment, Growth, and Debt Sustainability

Putting together the Pieces

We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth ...

Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets

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 ...