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Novta, Natalija - 2020

Macroeconomic costs of conflict are generally very large, with GDP per capita about 28 percent lower ten years after … conflict onset. This is overwhelmingly driven by private consumption, which falls by 25 percent ten years after conflict onset …. Conflict is also associated with dramatic declines in official trade, with exports (imports) estimated to be 58 (34) percent …

Persistent link: https://www.econbiz.de/10012828235

Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries?

Bal-Gunduz, Yasemin - 2014

This study explores whether IMF-supported programs in low-income countries (LICs) catalyze Official Development Assistance (ODA). Based on a comprehensive set of ODA measures and using Propensity Score Matching approach to address selection bias, we show that programs addressing policy or...

Persistent link: https://www.econbiz.de/10013040408

Policy Responses to Aid Surges in Countries with Limited International Capital Mobility : The Role of the Exchange Rate Regime

Berg, Andrew - 2014

We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption — an increase in the current account deficit net of aid — delivering the same effects as...

Persistent link: https://www.econbiz.de/10013058433

What Does Aid Do to Fiscal Policy? New Evidence

Combes, Jean-Louis - 2016

Foreign aid is a sizable source of government financing for several developing countries and its allocation matters for the conduct of fiscal policy. This paper revisits fiscal effects of shifts in aid dependency in 59 developing countries from 1960 to 2010. It identifies structural shifts in...

Persistent link: https://www.econbiz.de/10012977858

The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change : A DSGE Approach

Corugedo, Emilio Fernández; Gonzalez Gomez, Andres; … - 2023

This paper presents a Markov switching dynamic stochastic general equilibrium model designed to evaluate the macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows the existing literature in assuming that NDs destroy a...

Persistent link: https://www.econbiz.de/10014353544

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

Ahokpossi, Calixte - 2014

This paper uses the propensity matching score approach to assess the impact of the IMF's debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The paper finds that countries under the DLP borrow significantly higher amounts of...

Persistent link: https://www.econbiz.de/10013045262

Gender Equality and Electoral Violence in Africa : Unlocking the Peacemaking Potential of Women

Ouedraogo, Rasmane - 2019

We examine the impact of gender equality on electoral violence in Africa using micro-level data from the sixth round of Afrobarometer surveys. The sample covers 30 countries. We find that gender equality is associated with lower electoral violence. Quantitatively, our estimates show that an...

Persistent link: https://www.econbiz.de/10012863977

COVID-19 and Inequality in Asia : Breaking the Vicious Cycle

Jurzik, Emilia; Nair, Medha Madhu; Pouokam, Nathalie; … - 2021

The COVID-19 pandemic risks exacerbating inequality in Asia. High frequency labor surveys show that the pandemic is having particularly adverse effects on younger workers, women and people that are more vulnerable. Pandemics have been shown to increase inequalities. As a result, income...

Persistent link: https://www.econbiz.de/10013314837

Climate Shocks and Domestic Conflicts in Africa

Diallo, Yoro; Tapsoba, Rene - 2022

This paper analyzes the interlinkages between climate shocks, domestic conflicts, and policy resilience in Africa. It builds on a Correlated Random Effect model to asess these interrelationships on a broad sample of 51 African countries over the 1990-2018 period. We find suggestive evidence that...

Persistent link: https://www.econbiz.de/10014264533

Income Convergence or Divergence in the Aftermath of the COVID-19 Shock?

Brussevich, Mariya; Liu, Shihui; Papageorgiou, Chris - 2022

The paper extends the work of Deaton (2021) by exploring the period of post-crisis recovery in 2021-2024. The paper documents per-capita income divergence during the period of post-shock recovery, with countries at the bottom of the income distribution falling significantly behind. Findings...

Persistent link: https://www.econbiz.de/10014081239