Using a cross-country panel of 92 developing countries over the period 1990-2014, this paper examines the impacts of sector growth on income inequality. Most low-income people in developing countries are involved in agriculture and related industries, and directly utilize natural resources. The...

This article explores Malaysia's central bank, Bank Negara Malaysia's (BNM) response to the 1997 Asian Finance Crisis. The article begins with the debate on the endogeneity of money and causality tests of money supply, liquidity and GDP using Malaysian data for the period 1982-2012. As money...

The presently tenuous situation in Turkey will worsen if the government does not take appropriate policy action. In view of foreign investors’ loss of confidence, the cost of external financing is likely to rise while consumption and investment will fall, and the Turkish lira would depreciate...

We reply to the critics who contributed the other papers in the same issue of this journal. In the first part of the article, we indicate those remarks addressed to us, which we deem inappropriate to answer. The second part deals with the remarks we find useful to answer, which relate to money,...

The financial crisis and its ensuing effects have brought back into the limelight the issue of cycles and of policies which fuel or mitigate crises. Cognitive and operational models in economics and business are questioned. There is a specter of much lower economic growth in the industrialized...

This survey features three parts. The first one covers the recent literature on domestic (i.e., country-specific) uncertainty and offers ten main takeaways. The second part reviews contributions on the fast-growing strand of the literature focusing on the macroeconomic effects of uncertainty...

Chapter 1 Introduction -- Chapter 2 Synopsis of fiscal policy in South Africa: 1994 – 2020 -- Part 1: Government debt -- Chapter 3 Effects of government debt on output, household consumption and gross fixed capital formation: Role of the credit conditions channel -- Chapter 4 Government debt...

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...

The financial crisis and its ensuing effects have brought back into the limelight the issue of cycles and of policies which fuel or mitigate crises. Cognitive and operational models in economics and business are questioned. There is a specter of much lower economic growth in the industrialized...

This study empirically examines the effect of monetary, fiscal and trade policy on economic growth in Pakistan using annual time series data from 1981 to 2009. Money supply, government expenditure and trade openness are used as proxies of monetary, fiscal and trade policy respectively....