This paper deals with the question of whether the discrimination against agriculture that prevailed in Sub-Saharan Africa until the early 1980s has continued to characterize the region despite the widespread adoption of structural adjustment programs. The evolution of both direct interventions...

Three of the most relevant aspects of structural adjustment are presented in this paper: exchange policies, tariff policies, and fiscal policies. They are evaluated with a Computable General Equilibrium (CGE) model. The model is used first to assess the exchange rate as the most relevant...

Based on VAR analyses across 26 countries, we show that, although foreign exchange intervention (FXI) is effective in stabilizing the nominal exchange rate in the short run, its impacts on the real exchange rate are less significant: Limitations on nominal exchange rate flexibility may induce...