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The dynamic responses of a developing economy to a variety of policy and external shocks are studied using an empirical macroeconomic model which embodies rational expectations, perfect capital mobility, and import rationing. These features, which are relatively new in developing-country...
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Development. This year's report details, for the first time, progress toward the WBG's twin goals of ending extreme poverty by …The Global Monitoring Report 2014/2015: Ending Poverty and Sharing Prosperity was written jointly by the World Bank … them. The report continues to monitor progress on the Millennium Development Goals (MDGs). Also for the first time, the …
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This paper presents a study that focuses on specific adjustment programs for limited periods and is aimed largely at analyzing the short-run implications of the policy measures. The longer run implications are also discussed whenever relevant, since much of the rationale for policies and many of...
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’ trade policies and their development strategies. However, although greater trade openness promises faster growth for poor …
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The rapid recovery in many low-income countries (LICs) following the global crisis has been sustained in 2012. Softening commodity prices have led to moderating inflation pressures in most LICs. However, progress in rebuilding policy buffers has halted over the past two years, despite continued...
Persistent link: https://www.econbiz.de/10014410327