Journal: Economic Modelling, 2014, 43, pp. 225-37. Publication date: December 2014 Abstract This paper uses a multi-region dynamic stochastic general equilibrium (DSGE) model to study options and strategies for fiscal consolidation in India. The challenge for India is how to put public finances on...
Journal: IMF Working Paper 14/75. Co-author: Wei Liao (PIMCO) Publication date: May 2014 Abstract China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) in...
Journal: IMF Working Paper 12/252. Co-author: Ralph Chami (IMF), Adolfo Barajas (IMF), Christian Ebeke (IMF) Publication date: October 2012 Abstract This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest...
Journal: in “Oil Wealth in Central Africa” edited by B. Akitoby and S. Coorey, Chapter 8. Co-authors: Gaston K. Mpatswe (IMF), Robert C. York (IMF) Publication date: August 2012 Abstract Despite its vast oil wealth, central Africa still struggles to sustain strong, inclusive economic growth and to...
