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Working Paper
Oil discovery and macroeconomic managementThis paper analyses the evolution of fiscal and monetary variables in Ghana, from the discovery of oil in 2007 through to 2014. It documents the deterioration of fiscal and monetary discipline over this period, which resulted in a rebound of debt, a...
Working Paper
Employment and development in AsiaHow have economic development, employment, and labour markets in Asian countries interacted since the publication of Myrdal’s Asian Drama? Myrdal rejected, the western approach to and definition of employment and emphasized the role of ‘informal’...
Blog
Obstacles for Mozambique’s manufacturing firms amplified by macroeconomic disturbances
Mozambique has been facing macroeconomic difficulties since 2015. This has amplified the obstacles for micro, small and medium-sized manufacturing...
Blog
Mozambique: Improving our understanding of the potential of manufacturing
Mozambique’s manufacturing industry is facing many challenges. Nevertheless, we should not underestimate its linkages to the rest of the economy and...
Working Paper
The boom, the bust, and the dynamics of oil resource management in GhanaOil resources are neither a curse nor a blessing. The sound management of these resources can make them beneficial or otherwise. In order to translate Ghana’s oil resources into inclusive development amid high expectations, several laws and...
Blog
Sales recovered faster from the pandemic than employment: Evidence from tax administrative and survey data in ZambiaLike most other countries, the government of Zambia introduced restrictions to control COVID-19, which considerably curtailed normal economic activity...
Working Paper
Macroeconomic risks after a decade of microeconomic turbulenceThis study analyses the performance of macroeconomic policy in South Africa in 2007–2020 and outlines challenges for policy in the coming decade. After remarkable economic growth in 1997–07, South Africa’s progress slowed dramatically in 2009 with...
Working Paper
COVID-19: macroeconomic dimensions in the developing worldThe COVID-19 pandemic represents an unprecedented global crisis. The task for economic policy is to help keep people alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects macroeconomic...
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