Showing all content in Macro Economics

  • Publication - Working Paper

    A growth vent anchored in history and geography

    This paper reviews Pakistan’s recent growth vents and their impact on the economy in terms of creating a vibrant Indus Basin market. It then argues that the new growth vent Pakistan seeks requires re-creating the historical trade routes. This will be beneficial for regional equity in Pakistan and give new energy to the Indus Basin market. Please contact the author...

    28 Feb 2017 | Ijaz Nabi

  • Project

    Robust quarterisation of GDP and determination of business cycles for IGC partner countries

    Tracking of business cycle (BC) turning points at high data dissemination frequency (e.g. quarterly) is important for ex-ante policy implementation and ex-post analysis of the economy. The magnitude, direction and dating of the turning points in a business cycle contains valuable information for policy makers and economic researchers alike. It is well established in...

    14 Dec 2016 | Jameel Ahmed, Waqas Ahmed, Abdullah Tahir

  • Blog post

    Proceed with caution: South Sudan and the East African Monetary Union

    South Sudan's accession into the East African Community signals a strong commitment to regional integration. Greater stability after the conflict will however depend upon a renewed focus on stable macroeconomic policy and fiscal discipline.   Peace and macroeconomic stability, first In September 2016, South Sudan deposited its accession instruments to the East African...

    26 Oct 2016 | Astrid Haas

  • Project

    The twin deficits hypothesis in developing countries: Empirical evidence for Ghana

    The importance of fiscal discipline and having a current account close to equilibrium for macroeconomic stability and sustained economic growth of countries is unquestionable. Persistent fiscal and current account deficits, if unattended, could extend beyond one country (or region) and lead to global financial instability and possibly an economic crisis with dire...

    31 Aug 2016 | Daniel Sakyi, Eric Evans Osei Opoku

  • Event

    Report Launch: Promoting Job-rich Urbanisation in Zambia

    The primary objective of the event was to present and discuss the results from a study titled “Promoting Job-rich Urbanization in Zambia" conducted by Just-Jobs Network (JJN) in collaboration with Zambia Institute for Policy Analysis and Research (ZIPAR) and IGC. This paper aimed to identify the mix of policies would maximize the prospects of ‘good’ urbanization...

    16 June 2016

  • 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

  • Publication - Working Paper

    On the causes and effects of exchange rate volatility on economic growth: Evidence from Ghana

    11 Feb 2016 | Paul Alagidede, Muazu Ibrahim

  • Publication - Project Memo

    Monetary policy effectiveness in inflation control and stabilisation (Project Memo)

    9 Feb 2016 | Ehsan U. Choudhri, Hamza Malik

  • Project

    The implications of nominal exchange rate movement for fiscal outcomes in Zambia

    The aim of this project is to analyse the fiscal implications of the exchange rate movement in Zambia.  While the determinants of the exchange rates have been sufficiently analysed in Zambia as part of the previous IGC study, very little research has delved to study the fiscal implications of the exchange rate on Zambia which is a major policy challenge for the government...

    11 Jan 2016 | Herryman Moono, Alemayehu Geda