This paper outlines the elements of a development-targeted economic framework aimed at creating decent employment opportunities as a strategy for realizing core human development goals in Africa. Four policy areas form the core of the paper: monetary policy and inflation, exchange rate policy,...

This article seeks to explain Africa's current quot;period of unparalleled economic success,quot; following decades of economic stagnation. Using newly available data, we investigate whether international commodity price increases (our quot;metalsquot; hypothesis) or policy reforms (our...

This paper reviews the evidence on how households in Sub-Saharan Africa segment along consumption, income and earning dimensions relevant for quantitative macroeconomic policy models which incorporate heterogeneity. Key findings include the importance of home-grown food in the income and...

Over the past 30 years (1990-2019), African economies have experienced remarkable improvements in real macroeconomic conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation, which deserves to be called a ”Great African...

Over the past 30 years (1990-2019), African economies have experienced remarkable improvements in real macroeconomic conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper documents and seeks to explain these changes at...

Education has long been recognized as a central element in development. The human capital formation is receiving increased attention from policy makers and scholars in different parts of the world particularly in developing countries. Eritrea is a newly born nation in Africa and is striving hard...

In 2000, Thomas, Wang, and Fan published a paper calling for the application of the Gini coefficient to educational attainment. The idea was to treat educational attainment as a wealth stock, and to calculate Gini coefficients for, say, years of attainment, as a way to see trends within...

In 2000, Thomas, Wang, and Fan published a paper calling for the application of the Gini coefficient to educational attainment. The idea was to treat educational attainment as a wealth stock, and to calculate Gini coefficients for, say, years of attainment, as a way to see trends within...

In 2000, Thomas, Wang, and Fan published a paper calling for the application of the Gini coefficient to educational attainment. The idea was to treat educational attainment as a wealth stock, and to calculate Gini coefficients for, say, years of attainment, as a way to see trends within...

Education is associated with a range of positive micro and macro effects. It is hence no surprise that donors have recently increased the amount of official development aid specifically focused on restoring and maintaining education in less-developed states. While much attention has been paid to...