, fiscal consolidation, privatization, and wealth taxation) and heterodox options (inflation, financial repression, debt …

conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper … complemented by better exchange rate management (resulting in lower exchange rate and inflation volatility) and more fiscal … banks, as well as slightly higher national savings, further increased Africa’s resilience to shocks. Regarding structural …

private sector intensified. Policy support, however, averted a credit crunch. The increase in public debt across Africa due to …

inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …