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Analytical Perspectives on Aid Effectiveness in Sub-Saharan Africa
Designing effective aid programs requires accurately diagnosing problems. Under current donor efforts to promote democratization and institutional dev...
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Uncovering the Monetary Transmission Mechanism in Low-Income Countries
VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in low-income countries (LICs). But are structural VARs identi...
When foreign aid undermines institutions, countries can become aid-dependent, even if donors and recipients have the best intentions....
In the standard analysis of an overlapping generations economy with gifts from children to parents, each generation takes the actions of all other gen...
The period from 1960 to 2000 was one of remarkable growth and transformation in the world economy. Why did most of Sub-Saharan Africa fail to develop ...
We introduce subsistence requirements in food consumption into a simple new-Keynesian model with flexible food and sticky non-food prices. We study ho...
A Theoretical Analysis
Lessons from Eight Case Studies
In post-independence sub-Saharan Africa, institutional arrangements for monetary policy have taken a variety of forms, although the historical evoluti...
Since the turn of the century, aid flows to Africa have increased on average and become more volatile. As a result, policymakers, particularly in post...
We focus on the management of highly persistent shocks to aid flows, including PRSP-related increases in net inflows, in three โpost-stabilization.๏ฟฝ...