The issue of achieving and sustaining a nation's economicgrowth is an issue that is of concern to many nations of the world,especially the sub-Saharan African (SSA) nations. This was in linewith the United Nations Sustainable Development Goal (SDG) 8 ofEconomic Growth. This study, therefore,...

Keynesian monetary and fiscal policies have served as the fundamental government reaction to economic hardship since the development of Keynesian economic theory. With Keynesian policies having a major impact on economic outcomes, the success and effectiveness of these policies must be...

Using data for the Philippines, I develop and estimate a heterogeneous agent model to analyze the role of monetary policy in a small open economy subject to sizable remittance fluctuations. I include rule-of-thumb households with no access to financial markets and test whether remittances are...

We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies (1975 - 2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can neither be detected in...

We provide new evidence on the short-run effect of elections on monetary aggregates. We study month-to-month fluctuations in the growth rate of M1 in a sample of 85 low and middle income democracies from 1975 to 2009. The evidence shows an increase in the growth rate of M1 during election months...

With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...

The secession of Southern Sudan from the mother nation of Sudan was a direct result of political agreement known as the Comprehensive Peace Agreement (CPA). It was expected by the totalitarian government of Northern Sudan that it can contain the civil war between the Sudan Popular Liberation...

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the econometric results indicate that government...