The Sudanese economy has faced several shocks over the years, sometimes resulting in devastating impacts on the economy and the welfare of Sudanese households. The sources of these shocks vary, ranging from weather-related shocks such as droughts and floods to the global financial crisis and...

The Sudanese economy has faced several shocks over the years?sometimes resulting in devastating impacts on the economy and the welfare of Sudanese households. Poor households are often particularly vulnerable to shocks. The extent of the impacts of shocks on household welfare depends on the...

This paper analyzes the dynamic effects of a fiscal policy shock and its transmission mechanism in a small open economy and compares the responses under different specifications of the utility function. The traditional Mundell-Flemming model tells that fiscal policy is more effective under a peg...