We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study …. We find that global shocks play a more dominant role in South Africa than in Ghana. These shocks operate through three …

-run money demand for Ghana. The results provide strong evidence for the presence of a stable, well-identified long-run money …

This 2013 Article IV Consultation highlights that economic growth in Ghana continued at a robust pace of 8 percent in …

has created significant challenges for Ghana. A swift return to macroeconomic stability in 2013 was thwarted by weaker …

income. We use household-level data to explain the postponing of consumption despite rapid income growth. Tracing cohorts …

We revisit Lipset‘s law, which posits a positive and significant relationship between income and democracy. Using … dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …

€˜buffer stock’ model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model …

productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … percentage point a year. This would be enough to close the income gap with the EU average by 2040, compared to the status quo …