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Publications (3)
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...
Policy Brief
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The rise of the new economy is undeniable. Yet its impact on the development process is still to be fully understood. Investment in ICT itself is not sufficient to ensure longterm improvements in social well-being but requires other factors that result in an enabling environment in which progress...
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