What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical …

forecasting and monetary policy analysis in low-income countries and apply it to Kenya. We use the model to run several policy … last few years, with a special emphasis on the various factors (international food prices, monetary policy) driving … inflation. Third, we perform an out-of-sample forecast to identify where the economy — and therefore policy — was likely headed …

framework for examining possible policy responses to increased aid, in terms of absorption and spending of aid - where the … central bank controls absorption through monetary policy and the sale of foreign exchange and the fiscal authority controls … part in the policy reaction to aid surges. Fiscal and monetary authorities should coordinate their responses to an aid …

practice and conduct of monetary policy. This paper studies the impact of monetary policy on food inequality in India …. Specifically, we examine the impact of monetary policy shocks on the relative food prices and the distribution of food consumption … policy shocks on relative food prices and the distribution of food consumption in rural and urban India using a dynamic …

This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece … of Abenomics has been the three "economic arrows" targeted at aggressive monetary policy, flexible fiscal policy, and … question is: to what extent the policy package contributes to stimulating the economy? This question relates to the main …

extending simple textbook descriptions, and we provide some examples of how the effects of fiscal and monetary policy are …

Demand and Growth Regimes (DGR) and Macroeconomic Policy Regimes (MPR) frameworks have taken prominence within the post … more precise characterization of the latter, thus allowing a better understanding of economic policy and its results in …

models in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been … macroeconomic policy analysis that is open to competing modeling paradigms. Macroeconomic model comparison projects have helped …

as various policy responses by governments and international organizations. Second, we will discuss the effects of the …