, unrest lowers confidence and raises uncertainty; however, its adverse effect on GDP can be mitigated by strong institutions …

policies and aid flows …

to volatile foreign aid, in a small open economy model that incorporates typical features of low-income countries. Within … a class of policy rules, it jointly considers the optimal aid spending and international reserve accumulation policies … aid, while partially accumulating foreign exchange reserves to offset Dutch disease effects. Also, allocating relatively …

inflation flags its importance in Malawi's monetary framework although the monetary transmission mechanism needs further …

system in Malawi. The financial reform program commenced in 1989 when both the Reserve Bank Act and the Banking Act were …

This paper computes Malawi''s equilibrium real exchange rate as a function of its fundamentals as derived from economic …

This paper applies, through a case study on Malawi, a simple methodology indicating the first-round (i.e., price …) effects of macroeconomic policies on real earnings of the poor. As the economic program in Malawi has not involved substantial …

that happen in emerging markets. Stronger institutions, particularly better governance and more democratic systems …