This paper develops an adaptive learning model under uncertainty that examines evolution of capital account polices over time and across developing regions. In the framework, countries' past experiences and IMF programs influence policymakers' beliefs about the impact of capital account...

This paper examines capital account policy choices in an innovative model with adaptive learning under uncertainty. In the model, countries' past experiences and IMF programs influence policymakers' beliefs about impact of capital account liberalization on growth, taking into account constraints...

We propose a novel framework to analyse the macroeconomic impact of non-communicable diseases. We incorporate measures of disease prevalence into a human capital augmented production function, which enables us to determine the economic costs of chronic health conditions in terms of foregone...