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Publications (3)
– Overcoming the developer’s dilemma
There are multiple pathways of structural transformation and different inequality dynamics of each. Rising inequality is not inevitable — policies make a difference. Broad-based economic development requires public policies to address any upward pressure on inequality. A different policy agenda for...
Much of the research on the impact of fiscal policy shocks on macroeconomic outcomes (e.g., fiscal multipliers) uses reduced-form modelling approaches such as vector auto-regressions to obtain empirical results. In a recent study1, we used this approach to estimate fiscal multipliers for South...
Despite the frequent use of fiscal policy for stabilization purposes, there remains significant uncertainty regarding the impact of fiscal policy decisions on macroeconomic outcomes. This impact is quantified by calculating fiscal multipliers. A fiscal multiplier measures the impact of government’s...
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