Showing 1 - 10 of 48
. The overarching policy issue remains unchanged: how to set Cameroon on a higher growth path, while mitigating low but … vulnerable. • Increase the selectivity of investment projects and adopt a rigorous screening of the financing terms to ensure …
Persistent link: https://www.econbiz.de/10011244273
This paper presents key discussions of Cameroon’s 2013 Article IV Consultation. Economic activity in Cameroon has … social programs for the neediest, to free up resources for public investment. It is also necessary to accelerate resolution …
Persistent link: https://www.econbiz.de/10011245394
sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on …This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal … that Cameroon’s large infrastructural needs and relatively low current debt levels could justify a temporary deviation from …
Persistent link: https://www.econbiz.de/10011242196
The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth episodes in selected African countries. Premised on the concept of social welfare function,...
Persistent link: https://www.econbiz.de/10011242365
Persistent link: https://www.econbiz.de/10011243274
This Selected Issues paper examines implications of capital account liberalization in Iceland. Capital controls were critical in 2008 to avoid a more severe collapse of the Icelandic economy. Six years later, capital inflows have been liberalized, but most outflows remain restricted. Iceland has...
Persistent link: https://www.econbiz.de/10011244178
This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of...
Persistent link: https://www.econbiz.de/10011244439
This technical note analyzes systemic issues in mortgage loans and covered bond finance in Denmark. Mortgage lending has seen significant product innovation in recent years. Loans with adjustable interest rates and/or interest-only periods, which have been introduced since the late 1990s, had...
Persistent link: https://www.econbiz.de/10011245333
This paper outlines the challenge of developing an operational macroeconomic framework in Ethiopia consistent with the large envisaged scaling up of aid to achieve the Millennium Development Goals (MDGs). This paper describes an MDG scenario that addresses both microeconomic and macroeconomic...
Persistent link: https://www.econbiz.de/10005248180
This paper shows that aggregate investment expenditure shares on tradable and nontradable goods are very similar across … nontradable goods in investment can be modeled using the Cobb-Douglas aggregator. …
Persistent link: https://www.econbiz.de/10005248190