Working Paper
Gains from Trade
This paper reassesses the gains from trade for sub-Saharan Africa, and draws their implications for labour market adjustment and poverty reduction. It reviews previous studies on multilateral liberalization, focusing on the findings from computable...
Working Paper
The EU's Everything But Arms Initiative and the Least-developed Countries
Using a computable general equilibrium simulation model and partial equilibrium simulations, based on the SMART model, the paper attempts to assess the aggregate worldwide distribution of gains and losses of the EU’s Everything But Arms (EBA)...
Working Paper
The Poverty Macroeconomic Policy Nexus
The present paper utilises a short-run theoretical macroeconomic model of a small open economy to look at the impact of macroeconomic policies and financial deepening upon poverty through sectoral changes. This is because an expansion in certain...
Working Paper
Efficiency Gains from the Elimination of Global Restrictions on Labour Mobility
This paper computes the worldwide efficiency gains from the elimination of global restrictions on labour mobility using a multiregional CGE model. A distinctive feature of our analysis is the introduction of a segmented labour market, as two types of...
Working Paper
Monetary Policy Rules for Managing Aid Surges in Africa
We examine the properties of alternative monetary policy rules in response to large aid surges in low-income countries characterized by incomplete capital market integration and currency substitution. Using a dynamic stochastic general equilibrium...