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Sustaining Growth Accelerations and Pro-Poor Growth in Africa

Gupta, Sanjeev; Pattillo, Catherine A.; Carey, Kevin Joseph - International Monetary Fund (IMF) - 2005

Are improvements in growth in Sub-Saharan Africa (SSA) since the mid-1990s sustainable? What types of growth strategies contribute the most to reducing poverty? This paper examines these questions in four stages. First, it explores the factors contributing to the post- 1995 improvement in...

Persistent link: https://www.econbiz.de/10005264160

Terms of Trade Shocks in Africa; Are they Short-Lived or Long-Lived?

Cashin, Paul; Pattillo, Catherine A. - International Monetary Fund (IMF) - 2000

This paper examines the persistence of shocks to the terms of trade, using annual data on 42 Sub-Saharan African … countries between 1960-96. We find that the persistence of terms of trade shocks varies widely—for about half the countries such …-lived terms of trade shocks are typically those that have large shares of petroleum imports in total imports, small shares of …

Persistent link: https://www.econbiz.de/10005826235

Monetary Union in West Africa; An Agency of Restraint for Fiscal Policies

Pattillo, Catherine A.; Masson, Paul R. - International Monetary Fund (IMF) - 2001

Could a West African monetary union (either of the non-CFA countries, or all ECOWAS members) be an effective "agency of restraint" on fiscal policies? We discuss how monetary union could affect fiscal discipline and the arguments for explicit fiscal restraints considered in the European Monetary...

Persistent link: https://www.econbiz.de/10005599504