A universal basic income (UBI) is defined as a universal, unconditional cash payment that is made regularly, is sufficient to live on, is not means tested, carries no work requirements and is paid on an individual basis. This study examines the international evidence on universal basic incomes...

Policy evaluation is an essential tool of government as it ensures that the objectives of policies and programmes are being met and that tax revenues are being well spent. In many instances, policy evaluation involves using standard counterfactual analysis to measure the impact of a programme on...

Capital is central to efficient intermediation and is a core indication of the financial health of a bank. Recent shifts in monetary policy, economic shocks and contextspecific events in interbank liquidity flow in Kenya call for a revisit of banks' response through the lens of their...

Effective policies to stabilize macroeconomic conditions are essential for economic growth. In the context of this study, policymakers pursue these macroeconomic stability objectives by adjusting fiscal and monetary policy. The study used impulse response functions (IRFs) derived from vector...

Microsimulation models have been particularly useful when dealing with the economic welfare impact of COVID-19, particularly since such models offer a way to obtain timely and policy-relevant information in the absence of detailed household-level survey data. This study uses EUROMOD, a static...

The major international humanitarian donors and aid organisations have raised concerns about the efficiency and effectiveness of targeting Official Development Assistance. Although the 2016 Grand Bargain committed to shifting a quarter of the aid funds to the local actors, performance has...

The ultimate objective of macroprudential policy is to contribute to financial stability by curbing the build-up of systemic risks and alleviating negative outcomes for the economy should risks materialize . Measuring and communicating whether policy goals are achieved is challenging, as...

The European Union (EU) has pursued an ambitious agenda for regulating the digital economy, and it is now planning to establish a new package of regulations, including the Digital Markets Act (DMA), the Digital Services Act (DSA), and a new regulation of Artificial Intelligence (AI). These...