have important implications for macroeconomics in terms of theory and policy. It considers the differences in macroeconomic … laws of economics are universal, the functioning of economies can be markedly different. Therefore, economic theory and … policy analysis should recognize, rather than ignore, such myriad differences. …

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 …

the government through its ability to fix the real cost of capital for the firm, expenditure and monetary policy …

causality in the long-run for both the DCs and LDCs group. The results help us to assess the effectiveness of monetary policy in … reducing income inequality in both the DCs and LDCs group. As a policy implication, monetary policy is often aimed at …

causality in the long-run for both the DCs and LDCs group. The results help us to assess the effectiveness of monetary policy in … reducing income inequality in both the DCs and LDCs group. As a policy implication, monetary policy is often aimed at …

impulse responses to monetary policy shocks, and cumulatively they suggest that 'insignificant' results can be expected even …

industries, and directly utilize natural resources. The question is what policy instruments are efficient to reduce income … inequality. The main objectives of monetary policy aim to maintain price stability, improve sector growth, and create employment …, and monetary policy always dominates fiscal policy for rising or falling income inequality during a certain period, which …

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