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This article explores the role of trend shocks in explaining the specificities of business cycles in Sub-Saharan African (SSA) countries using the methodology introduced by Aguiar and Gopinath (2007) [Emerging Market Business Cycles: The Cycle Is the Trend Journal of Political Economy 115(1)]....
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A high share of foreign currency denomination of domestic public debt in rules out any recourse to inflation tax as an effective adjustment device. Anti- inflation policies based upon hard peg regimes may remove the exchange rate risk in the short run but - as pointed out by Argentina’s...
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sector. Firm-level evidence shows that the growth in graduate employment is due almost entirely to a �within� firm … productivity growth. This suggests that increasing the workforce�s level of educational attainment is crucial to overcome the …
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The paper addresses the issue of dynamic relationships between environment, health and growth. Its aim is to show that … improvement, due to sanitation and health infrastructures, possible because of income growth, leads to a better health, followed …, when pollution, generated by a growth too fast, becomes widespread by a worsening of health conditions, coming finally to …
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growth performance directly or indirectly through the above exogenous shocks. The focus, mostly but not exclusively … economic growth. …
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