Christopher Adam

Christopher Adam is the Lead Academic for IGC Tanzania.

Christopher Adam is Professor of Development Economics in the Department for International Development and Research Associate of the Centre for the Study of African Economies, University of Oxford. He is a Fellow of the European Development Network (EUDN), Visiting Professor at the University of Clermont-Ferrand, France, and a Visiting Scholar at the Research Department of the International Monetary Fund (IMF) in Washington DC. In 2011-12 he served as Specialist Advisor to the House of Lords Economic Affairs Committee Inquiry into the Effectiveness of UK Development Aid. He is Vice-Chair of the Board of the African Economic Research Consortium, representing DFID. His research is principally concerned with macroeconomic theory and policy in low-income countries, especially those of Sub-Saharan Africa.  Most recently, this work has concentrated on the analysis of monetary, exchange rate and fiscal policy in ‘post-stabilization’ countries.  In recent years, much of this work has been concerned with the economies of East Africa. An undergraduate at the University of St Andrews, Scotland, he also holds an M.Phil.  and D.Phil. in Economics from Nuffield College, Oxford.  

Content by Christopher Adam
  • Data Item

    Data: Economic impact of urban property rights in Tanzania: The role of infrastructure

    While multiple studies have shown that a woman’s control over land is positively associated with bargaining power outcomes, few have succeeded in highlighting successful methods for increasing this control. We report on a policy experiment in an unplanned settlement in Dar es Salaam, Tanzania, that provided access to formal land titles to informal settlers at randomized...

    28 Feb 2019

  • Publication - Project Report

    Modelling the impact of capital account restrictions on the exchange rate in Tanzania

    27 Oct 2017 | Christopher Adam, Tara Iyer

  • Project

    Fiscal institutions for an East African monetary union

    The Protocol for the Establishment of the East African Monetary Union was ratified by the Heads of State of Kenya, Uganda, Tanzania, Rwanda and Burundi in November 2013. As partner states embark on the implementation of the Protocol, the Secretariat of the East African Community (EAC) has asked IGC-Tanzania to advise on the design of specific fiscal institutions to support...

    13 Sep 2017 | Christopher Adam, Christopher Allsopp, David Vines

  • Publication - Miscellaneous

    Executive Summary: Designing fiscal institutions for an East African monetary union

    13 Sep 2017 | Christopher Adam, Christopher Allsopp, David Vines

  • Publication - Project Report

    Designing fiscal institutions for East African Monetary Union

    13 Sep 2017 | Christopher Adam, Christopher Allsopp, David Vines

  • Publication - Miscellaneous

    Tanzania: The Path to Prosperity

    The book, published by Oxford University Press, is available for purchase here. This book, the third in the Africa: Policies for Prosperity series, is concerned with the challenges of securing economic prosperity in Tanzania over the coming decades. Building on widespread economic reforms in the early 1990s, Tanzania has recorded steady economic growth over the...

    26 Jan 2017 | Christopher Adam, Paul Collier, Benno Ndulu

  • Publication - Policy Brief

    Considerations for South Sudan joining the East African Monetary Union

    27 Sep 2016 | Charles Data Alemi, Astrid Haas, Christopher Adam

  • Blog post

    Africa needs smart macroeconomic policies to navigate headwinds

    African governments must take decisive action to navigate the challenges ahead if they are to continue growing without undoing the gains of the past two decades. Effective policies for growth will require regulators and policymakers to make tough choices, particularly on tax and government expenditures. When African finance ministers and central bankers gathered in...

    25 Apr 2016 | Christopher Adam, Benno Ndulu

  • Publication - Policy note

    African governments must act decisively to restore macroeconomic balance

    African finance ministers and central bankers gathered in Washington DC last week for the IMF and World Bank Spring Meetings in circumstances far removed from the warm glow of economic success surrounding the “Africa Rising” conference in Maputo, less than two years ago. With the IMF continuing to peg back its growth forecasts for the region, as the hostile...

    21 Apr 2016 | Christopher Adam, Benno Ndulu

  • Project

    Trade, EAC and WTO accession: Pro-growth options

    As the world's newest nation, South Sudan is currently considering various options for the trade strategy it would like to pursue and that would support economic growth for the country. Within the region, South Sudan has decided to actively engage in accession talks with the East African Community (EAC). These talks commenced in November 2014 and have been relatively...

    1 Mar 2016 | Charles Data Alemi, Astrid Haas, Jaime de Melo, Christopher Adam

  • Publication - Project Memo

    Capacity transfer for long-term macro-fiscal model (Project Memo)

    20 Feb 2016 | Christopher Adam, David Bevan

  • Publication - Project Memo

    Public investment and growth: implications of recurrent costs in Uganda (Project Memo)

    9 Feb 2016 | Christopher Adam, David Bevan, Tim Ohlenburg

  • Project

    Public investment, public finance, and growth: the impact of distortionary taxation, recurrent costs, and incomplete appropriability on Uganda’s economy

    Public  investment, especially in infrastructure, is a necessary condition for sustainable private sector growth The Ugandan government plans a major public investment programme but lacks a coherent analytical framework Researchers found the timing and amount of spending will largely determine how useful the investment will be The brief was used by...

    28 Nov 2014 | Christopher Adam, David Bevan, Tim Ohlenburg

  • Publication - Working Paper

    Public Investment and Growth in Uganda (Working Paper)

    25 Nov 2014 | Christopher Adam, David Bevan, Tim Ohlenburg

  • Project

    Economic Impact of Urban Property Rights in Tanzania: The Role of Infrastructure

    Formalising land rights is thought to reduce expropriation risk, encourage investment  and, by enabling the collateral value of land, giving property owners increased access to credit. Despite these assumptions, few studies have examined the impact of property rights interventions in urban areas, particularly in Sub-Saharan Africa. Furthermore, while formal land titling is...

    10 Oct 2014 | Christopher Adam, Stefan Dercon, Andrew Zeitlin, Justin Sandefur, Daniel Ayalew Ali

  • Project

    Transportation Costs, Food Markets, and Structural Transformation in Tanzania

    The growing wealth of nations has, throughout history, been associated the movement of people off the land, out of subsistence agriculture and into more dynamic forms of economic activity, in large-scale agriculture, in export-oriented manufacturing and in the services sector.  Underpinning this transformation is rising productivity in agriculture which provides for both...

    10 Oct 2014 | Christopher Adam, David Bevan, Douglas Gollin, Beatrice Kalinda Mkenda

  • Multimedia Item - Audio

    Growth Week 2014: Country Session - Tanzania

    6 Oct 2014

  • Project

    Exchange rate study (Phase 1)

    This report considers alternative exchange rate arrangements for EAC countries in the transition to a monetary union. This paper by Christopher S. Adam (Oxford University), Pantaleo Kessy (Bank of Tanzania and IGC), Camillus Kombe (Bank of Tanzania) and Stephen A O’Connell (Swarthmore College) is the outcome of research collaboration between staff of the Department of...

    4 Sep 2014 | Christopher Adam, Pantaleo Kessy, Camillus Kombe, Stephen O'Connell

  • Publication - Working Paper

    The Demand for Money in Tanzania (Working Paper)

    2 Sep 2014 | Christopher Adam, Pantaleo Kessy, Johnson J. Nyella, Stephen O'Connell

  • Blog post

    Macroeconomic research in low-income countries: a conversation with Christopher Adam

    In recent years, macroeconomic research on low-income countries has shifted from its previously narrow focus on inflation and exchange rate stabilisation towards a much greater concern on how macroeconomic policy should be set to support long-term growth. The International Growth Centre is at the forefront of academic research in macroeconomics that directly responds to...

    5 Feb 2014 | Christopher Adam

  • Blog post

    The road to monetary union in East Africa

    On 30 November, the heads of state of the partner states of the East African Community (Burundi, Kenya, Rwanda, Tanzania and Uganda) met in Kampala to approve the Protocol for the Establishment of an East African Monetary Union. The Protocol – the EAC equivalent of Europe’s Maastricht Treaty – offers a roadmap for monetary union and provides the enabling legislation...

    10 Dec 2013 | Christopher Adam

  • Project

    Support to the Monetary Affairs Committee (MAC) of the East African Community (EAC) -1

    This report considers alternative exchange rate arrangements for EAC countries in the transition to a monetary union. This paper by Christopher S. Adam (Oxford University), Pantaleo Kessy (Bank of Tanzania and IGC), Camillus Kombe (Bank of Tanzania) and Stephen A O’Connell (Swarthmore College) is the outcome of research collaboration between staff of the Department of...

    1 Apr 2012 | Stephen O'Connell, Christopher Adam, Pantaleo Kessy,

  • Publication - Policy Brief

    Transportation Costs, Food Markets, and Structural Transformation in Tanzania (Policy Brief)

    31 Mar 2012 | Christopher Adam, David Bevan, Douglas Gollin, Beatrice Kalinda Mkenda

  • Publication - Working Paper

    Transportation Costs, Food Markets and Structural Transformation in Tanzania (Working Paper)

    31 Mar 2012 | Christopher Adam, David Bevan, Douglas Gollin, Beatrice Kalinda Mkenda

  • Publication - Working Paper

    Financial Architecture and the Monetary Transmission Mechanism in Tanzania (Working Paper)

    28 Mar 2012 | Peter Montiel, Christopher Adam, Wilfred Mbowe, Stephen O'Connell

  • Publication - Working Paper

    Exchange Rate Arrangements in the Transition to East African Monetary Union (Working Paper)

    1 Feb 2012 | Christopher Adam, Pantaleo Kessy, Camillus Kombe, Stephen O'Connell

  • Publication - Working Paper

    Food Prices and Inflation in Tanzania (Working Paper)

    26 Jan 2012 | Christopher Adam, David Kwimbere, Wilfred Mbowe, Stephen O'Connell

  • Project

    Exchange Rate Study

    This report considers alternative exchange rate arrangements for EAC countries in the transition to a monetary union. This paper by Christopher S. Adam (Oxford University), Pantaleo Kessy (Bank of Tanzania and IGC), Camillus Kombe (Bank of Tanzania) and Stephen A O’Connell (Swarthmore College) is the outcome of research collaboration between staff of the Department of...

    1 Aug 2011 | Christopher Adam, Pantaleo Kessy, Stephen O'Connell

  • Project

    Financial Architecture and the Transmission Mechanism

    To cope with the dual challenge of stabilizing real economic activity and maintaining a low inflation rate, the central banks of many industrial and emerging market economies have adopted monetary policy frameworks that explicitly commit them to medium-term price level stability, while allowing them some discretion to stabilize real output in the short run. However,...

    1 Apr 2011 | Peter Montiel, Christopher Adam, Stephen O'Connell

  • Project

    The Transmission Mechanism in Tanzania

    This paper is the outcome of research collaboration between staff of the Department of Economic Research and Policy at the Bank of Tanzania and the International Growth Centre. Its objective is to develop a systematic approach to the investigation of the effectiveness of monetary transmission in low-income countries that can be applied specifically to the five EAC...

    1 Jul 2010 | Christopher Adam, Stephen O'Connell, Johnson J. Nyella

  • Project

    Fiscal Policy and Fiscal Rules in Tanzania

    In the fiscal arena, Tanzania has performed well over much of the past decade, as was noted by the IMF in its 2011 discussion of revenue mobilization in developing countries, where it gave Tanzania (along with El Salvador and Vietnam) as one of its three examples of “strong performers”. Revenue performance, measured by the ratio of revenue to GDP, improved rapidly; and...

    1 Mar 2010 | David Bevan, Christopher Adam

  • Project

    Food Prices and Inflation Dynamics in Tanzania

    Addressing the recent sharp rise in inflation has become a central macroeconomic policy concern in Tanzania, as it has across East Africa. The macroeconomic environment has become particularly volatile since the recent financial crisis. Growth in Tanzania has fluctuated and year-on-year headline inflation edged above 10 percent in mid-2008. This study develops an...

    1 Mar 2010 | Christopher Adam, David Kwimbere, Wilfred Mbowe, Stephen O'Connell

  • Project

    Dollarisation in Tanzania

    The use of U.S dollar as unit of account, medium of exchange and store of value in Tanzania has raised concerns among policy makers and the general public. This paper attempts to shed some light on the key stylized facts of dollarization in Tanzania and the EAC region. We show that compared to other EAC countries, financial dollarization in Tanzania is high, but steadily...

    1 Oct 2009 | Pantaleo Kessy, Christopher Adam

  • Project

    The Demand for Money in Tanzania

    We develop an econometric model of the demand for M2 in Tanzania, using quarterly data from 1998 to the present. The continuous decline in velocity since the late 1990s is associated with a transformation of economic activity that has cumulatively increased the monetary intensity of GDP. Portfolio behavior also responds to expected inflation and to exchange rate...

    1 Sep 2009 | Stephen O'Connell, Pantaleo Kessy, Christopher Adam, Johnson J. Nyella