Filter by...
Reset all
Publications (6)
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...
– Growth and beyond
The questions of whether aid has impact and is effective have been the subject of considerable attention. This thematic issue brings together nine studies that speak to the diverse ways in which aid affects development outcomes including, but not limited to, growth. It takes stock of what we know...
– The latest evidence on the effectiveness of ODA
The death of aid has often been declared, and private capital flows as well as earnings from natural resources now far exceed official development assistance (ODA) in aggregate. However, the recent and sharp downturn in resource earnings, the ability of ODA to fund public goods that private capital...
– Creating good jobs in Africa
The prevailing narrative about growth and development in Africa has shifted dramatically. During the1980s and 90s pessimism abounded. Today, a more optimistic narrative of development in the region largely reigns. However challenges still remain. In particular structural transformation has been slow...
Displaying 6 of 6 results