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The aim of the paper is to shift the focus of famine analysis away from food supply towards the macroeconomic determinants of food entitlement—i.e., to the ability of individuals to purchase food. Towards this end, we develop a model to demonstrate how loose monetary and fiscal policies may...
Persistent link: https://www.econbiz.de/10014396163
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/10012252077
While there is an extensive literature examining the economic impact of conflict and political instability … whether rising conflict and political instability globally over the past several decades led to increased occurrence of … associated with higher probability of systemic banking crises. Unsurprisingly, the duration of a conflict is positively …
Persistent link: https://www.econbiz.de/10012251282
chances of achieving targeted outcomes for fragile, conflict-affected, and small states as well as in complex projects. These …
Persistent link: https://www.econbiz.de/10012795095
This paper presents an update of the Grilli-Masciandaro-Tabellini (GMT) index of central bank (CB) autonomy, based on CB legislation as of end-2003. The index is applied to a set of OECD and developing countries, and emerging market economies. For a smaller set of countries, the paper presents a...
Persistent link: https://www.econbiz.de/10014399860
Regressions in a number of recent papers written by staff members of the World Bank and the IMF rely on an interaction variable (IAV) to establish the effects of foreign aid on economic growth or the reduction of poverty. The common assumption in these papers is that if the coefficient of this...
Persistent link: https://www.econbiz.de/10014403016
This paper examines the relationship between health aid and infant mortality, using data from 118 countries between 1973 and 2004. Health aid has a statistically significant effect on infant mortality: doubling per capita health aid is associated with a 2 percent reduction in the infant...
Persistent link: https://www.econbiz.de/10014400904
Persistent link: https://www.econbiz.de/10010388846
Persistent link: https://www.econbiz.de/10012392097
measurement error in equal share. The findings underscore the considerable economic loss due to conflict, and the importance of …I use a monthly panel of provincially-collected central government revenues and conflict fatalities to estimate … government revenues lost due to conflict in Afghanistan since 2005. I identify causal effects by instrumenting for conflict using …
Persistent link: https://www.econbiz.de/10011932218