This paper argues that the Phillips curve relationship is not sufficient to trace back the output gap, because the effect of excess demand is not symmetric across tradeable and non-tradeable sectors. In the non-tradeable sector, excess demand creates excess employment and inflation via the...

Independently of the fact that the replacement of overtly authoritarian regimes in many African countries appeared to presage fundamental political change, a closer examination of democratic trends since the establishment of the African Union (AU) paints a less promising picture. In this paper,...

Nepal's democratic transition led to the promulgation of its Constitution in 2015 that guarantees transformative rights across economic, social, cultural, environmental and developmental spheres. The Constitution signifies a shift in the societal contract by introducing an array of fundamental...