Macroeconomics

The macroeconomics programme looks at the role of monetary and fiscal policy in stimulating growth and reducing output fluctuations. The first goal is to understand the main impediments to economic growth in the world’s poorest economies, and to design appropriate policies to enhance sustainable development. The second is to identify the sources and propagation mechanisms of economic fluctuations in developing economies and to propose policy responses to mitigate their effect on well-being. By understanding the sources of economic volatility and its economic effects, the research programme will also help develop suitable policy responses to shorter-term fluctuations.

Fiscal and Monetary Policy in Developing Countries workshop
Event
Author: igcadmin:
State Ownership and Systemic Risk: Evidence from the Indian Financial Sector during 2007-09
Working Paper
Authors: Viral Acharya, Nirupama Kulkarni
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Foreign Investors under Stress: An Event Study for India
Working Paper
Authors: Ila Patnaik, Ajay Shah, Nirvikar Singh
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Accounting for the Convergence Across Castes
Working Paper
Authors: Viktoria Hnatkovska, Amartya Lahiri
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Getting the Best out of Regional Integration: Some Thoughts for Rwanda*
Working Paper
Authors: Jaime de Melo, Laura Collinson
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Optimal Price Indices for Targeting Inflation Under Incomplete Markets
Working Paper
Authors: Rahul Anand,
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Banking and Credit in a Monetary Policy Model for Emerging Markets
Research Project
Authors: Eswar Prasad , Rahul Anand
The global financial present crisis has highlighted the need for analytical frameworks that adequately model the interactions between the financial system and macroeconomic policy frameworks. In particular, the relationship between the financial sector and monetary policy has become a prominent aspect of recent policy discussions in both advanced and emerging…
The Macroeconomics Policy Research Cluster, IGC-Pakistan First Meeting
Research Project
Author: Irfan Qureshi
To encourage networking and collaborations, the IGC organized the first meeting of the cluster at the State Bank of Pakistan in Karachi. The meeting, chaired by Dr. Ehsan Choudhri, was attended by researchers from the State Bank of Pakistan, the Pakistan Planning Commission, the World Bank and academic institutions along…
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The Demand for Money in Tanzania
Working Paper
Author: Christopher Adam
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Assessing the stability and predictability of the money multiplier in the EAC: The Case of Tanzania
Working Paper
Author: Christopher Adam
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Growth, poverty and distribution in Tanzania
Working Paper
Authors: Anthony Atkinson, Maria Ana Lugo
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Rethinking the Effects of Financial Liberalization (Macroeconomics programme)
Research Project
Author: Jaume Ventura
Jaume Ventura and Fernando Broner (Centre de Recerca en Economia Internacional (CREI) develop a novel theory that can account for the diverging effects of financial liberalization across countries, with a focus on the role of debt.