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Publications (5)
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...
Experimental studies using randomized controlled trials (RCTs) are a powerful tool in policy analysis. They have been sometimes hailed as the best means of identifying ‘what works’ in development policy. However, it would be unwise to rely solely on findings from RCTs to guide policy. While RCTs...
This special issue introduction provides a historical perspective in order to contextualize the political economy of Africa’s emergent middle class. In doing so, three overarching research questions are discussed to better understand the middle class’ transformative potential. First, who constitute...
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