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Poverty and unemployment remained high in Botswana. The shortcomings of the labor market policies are responsible for a … high unemployment rate. This selected issues paper sheds considerable light on ways that Botswana can enhance inclusive … growth and reduce the high level of structural unemployment. Botswana was identified as having been able to sustain the …
Persistent link: https://www.econbiz.de/10011243905
This paper assesses how pro-poor and inclusive Asia’s recent growth has been, and what factors have been driving these outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased, dampening the impact of growth on poverty reduction. As...
Persistent link: https://www.econbiz.de/10011242249
closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the …
Persistent link: https://www.econbiz.de/10005590857
The natural interest rate is of great relevance to central banks, but it is difficult to measure. We show that in a standard microfounded monetary model, the natural interest rate co-moves with a transformation of the money demand that can be computed from actual data. The co-movement is of a...
Persistent link: https://www.econbiz.de/10009650625
Persistent link: https://www.econbiz.de/10005590873
Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete...
Persistent link: https://www.econbiz.de/10005599686
Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs suggest a greater efficacy of exchange rate changes in...
Persistent link: https://www.econbiz.de/10010790298
This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China …. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export …. Across China’s provinces, divergences in per capita incomes are driven by the relative level of capital-intensity, public …
Persistent link: https://www.econbiz.de/10010790266
The Kingdom of Lesotho’s Poverty Reduction Strategy Paper reports that consistent implementation of sound macroeconomic policies is critical to the attainment of poverty reduction objectives. At the central level, the authorities established sector working groups to facilitate the...
Persistent link: https://www.econbiz.de/10011245212
The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The political economy literature suggests that redistributive spending is higher in...
Persistent link: https://www.econbiz.de/10005248211