Economic recovery continues to elude Sudan. The absence of proper strategies, economic reforms and lack of fiscal and monetary policies have now resulted in low levels of per capita income, where a majority of labor force involved in agricultural activities. The paper provides a new structural...

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...

The theory and practice of stabilization policy has taken many turns as it evolved over the past century, oscillating between high hopes and deep skepticism regarding the capacity - and desirability - of governments taking responsibility for macroeconomic stability. This paper reviews the...