Back Matter

Back Matter

International Monetary Fund
Published Date:
April 2014
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    Aker, Jenny, and IsaacMbiti, “Mobile Phones and Economic Development in Africa,” Working Paper 211 (Washington: Center for Global Development).

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    Banquemondiale,2014, Global Economic Prospects: Coping with Policy Normalization in High-Income Countries (Washington).

    Batini, N., K.Kuttner, and D.Laxton,2005, “Does Inflation Targeting Work in Emerging Markets?” Chapter 4 in World Economic Outlook,World Economic and Financial Surveys (Washington, September).

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    Benes, Jaromir, AndrewBerg, RaphaelPortillo, and DavidVavra,2013, “Modeling Sterilized Interventions and Balance-Sheet Effects of Monetary Policy in a New-Keynesian Framework,” IMF Working Paper 13/11 (Washington: International Monetary Fund).

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    Berg, Andew, Louisa F.Charry, Rafael A.Portillo, and JanVlcek,2013, “The Monetary Transmission Mechanism in the Tropics: A Narrative Approach,” IMF Working Paper 13/197 (Washington: International Monetary Fund).

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    Berg, Andrew, StephenO’Connell, CatherinePattillo, RafaelPortillo, and FilizUnsal,2014, “Monetary Policy Issues in Sub-Saharan Africa,” unpublished (Washington: International Monetary Fund).

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    Block, Steven A.,2002, “Political Business Cycles, Democratization, and Economic Reform: The Case of Africa,” Journal of Development Economics, Vol. 67, No. 2002, p. 205–228.

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    Brown, Martin, TullioJapelli, and MarcoPagano,2009, “Information Sharing and Credit: Firm-level Evidence from Transition Countries,” Journal of Financial Intermediation, Vol. 18, No. 2, p. 151–172.

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    Dabla-Norris, Era, GiangHo, AnnetteKyobe, and RobertTchaidze,2013, “Anchoring Growth: The Importance of Productivity-Enhancing Reforms in Emerging Market and Developing Economies,” IMF Staff Discussion Note 13/08 (Washington: International Monetary Fund).

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    Davoodi, Hamid, ShivDixit, and GaborPintor,2013, “Monetary Transmission Mechanism in the East African Community: An Empirical Investigation,” IMF Working Paper 13/39 (Washington: International Monetary Fund).

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    De Grauwe, Paul, and MagdalenaPolan,2005, “Is Inflation Always and Everywhere a Monetary Phenomenon?” Scandinavian Journal of Economics, Vol. 107, No.2, p. 239–259.

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    Demirgüç-Kunt, Asli, ThorstenBeck, and PatrickHonahan,2008, “Finance for All? Policies and Pitfalls in Expanding Access,” Global Financial Development Report (Washington: World Bank).

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    Drazen, Allan,2001, “The Political Business Cycle After 25 Years,” Available at:

    Fonds monétaire international, 2005, Perspectives de l’économie mondiale : Développement institutionnel,chapitre 4, «Le ciblage de l’inflation est-il une bonne stratégie pour les pays émergents» Études économiques et financières (Washington : septembre).

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    Fonds monétaire international, 2010, Perspectives économiques régionales : Afrique subsaharienne (Washington : avril).

    Fonds monétaire international, 2011, Perspectives économiques régionales : Afrique subsaharienne (Washington : octobre).

    Fonds monétaire international, 2013a, Perspectives économiques régionales : Afrique subsaharienne (Washington : avril).

    Fonds monétaire international, 2013b, Perspectives économiques régionales : Afrique subsaharienne (Washington : octobre).

    Fonds monétaire international, 2013c, “Jobs and Growth: Analytical and Operational Considerations for the Fund,” IMF Policy Paper (Washington).

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    Fonds monétaire international, 2013d, “Guidance Note on Jobs and Growth Issues in Surveillance and Program Work,” IMF Policy Paper (Washington).

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    Fonds monétaire international, 2013e, Perspectives de l’économie mondiale : Transitions et tensions,chapitre 1, «Perspectives et enjeux mondiaux», Études économiques et financières (Washington : octobre).

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    Fonds monétaire international, 2014a, “Review of Monetary Policy Conditionality in Countries with Evolving Monetary Policy Regimes”, IMF Board Paper (Washington : January).

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    Fonds monétaire international, 2014b, “Fiscal Policy and Income Inequality,” IMF Policy Paper (Washington : January).

    Fonds monétaire international, 2014c, Perspectives de l’économie mondiale : La reprise s’affermit, mais reste inégale,Études économiques et financières (Washington : avril).

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    Fonds monétaire international, 2014d, “Conditionality in Evolving Monetary Policy Regimes,” IMF Policy Paper (Washington).

    Fonds monétaire international, 2014e, “Sustaining Long-Run Growth and Macroeconomic Stability in Low-Income Countries—The Role of Structural Transformation and Diversification”, IMF Policy Paper (Washington : March).

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    Frankel, Jeffery,2012, “The Death of Inflation Targeting,” VOX.EU. Available at:

    Goodhart, Charles,1989, “Conduct of Monetary Policy,” Economic Journal, Royal Economic Society, Vol. 99, No. 396, p. 293–346.

    Gutierrez, Eva, and SandeepSingh,2013, “What Regulatory Frameworks Are More Conducive to Mobile Banking? Empirical Evidence from Findex Data,” Policy Research Working Paper 6652 (Washington: World Bank).

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    Habermeier, Karl, InciÖtker-Robe, LuisJacome, AlessandroGiustiniani, KotaroIshi, DavidVávra, TurgutKişinbay, and FranciscoVazquez,2009, “Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries: A Cross-Regional Perspective,” IMF Working Paper 09/1 (Washington: International Monetary Fund).

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    Hammond, Gil,2012, “State of the Art of Inflation Targeting,” Handbook 29 (London: Bank of England, Center for Central Banking Studies).

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    Mahadeve, Lavan, and GabrielSterne,2000, “Monetary Policy Frameworks in a Global Contex” (London: Bank of England).

    McKinsey Global Institute, 2010, “Lions on the Move: The Progress and Potential of African Economies” (Washington).

    Mishra, Prachi, and PeterMontiel,2012, “How Effective Is Monetary Transmission Mechanism in Low-Income Countries? A Survey of the Empirical Evidence,” IMF Working Paper 12/143 (Washington: International Monetary Fund).

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    Ostry, Jonathan D., AndrewBerg, Charalambos G.Tsangarides,2014, “Redistribution, Inequality, and Growth,” IMF Staff Discussion Note 14/02 (Washington: International Monetary Fund).

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    Reichlin, Lucrezia, and RichardBaldwin,2013, “Is Inflation Targeting Dead? Central Banking After the Crisis,” (London: Centre for Economic Policy Research).

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    Thornton, John,2008, “Money, Output, and Inflation in African Economies,” South African Journal of Economics, Vol. 76, No.3, p. 356–366.

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Publications du Département Afrique du FMI, 2009–14

Livres et monographies


  • Building a Common Future in Southern Africa
  • Mongardini, Joannes, Tamon Asonuma, Olivier Basdevant, Alfredo Cuevas, Xavier Debrun, Lars Holger Engstrom, Imelda M. Flores Vazquez, Vitaliy Kramarenko, Lamin Leigh, Paul R. Masson et Geneviève Verdier


  • Oil Wealth in Central Africa: Policies for Inclusive Growth
  • Coorey, Sharmini et Bernardin Akitoby


  • The Impact of the Global Financial Crisis on Sub-Saharan Africa
  • Département Afrique


  • Tanzania: The Story of an African Transition
  • Nord, Roger, Yuri Sobolev, David Dunn, Alejandro Hajdenberg, Niko Hobdari, Samar Maziad et Stéphane Roudet

Documents du département afrique


  • Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets
  • Cheikh A. Gueye, Javier Arze del Granado, Rodrigo Garcia-Verdu, Mumtaz Hussain, B. Jang, Sebastian Weber et Juan S Corrales


  • Mali: Achieving Strong and Inclusive Growth with Macroeconomic Stability
  • Christian Josz


  • Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union
  • Kolerus, Christina, Aleksandra Zdzienicka, Ermal Hitaj et Douglas J. Shapiro


  • West African Economic and Monetary Union: Financial Depth and Macrostability
  • Imam, Patrick A. et Christina Kolerus


  • Senegal: Financial Depth and Macrostability
  • Imam, Patrick A. et Christina Kolerus


  • Senegal: Achieving High and Inclusive Growth While Preserving Fiscal Sustainability
  • Kireyev, Alexei et Gaston K. Mpatswe


  • Banking in Sub-Saharan Africa: The Macroeconomic Context
  • Mlachila, Montfort, Seok Gil Park et Masafumi Yabara


  • Energy Subsidy Reform in Sub-Saharan Africa: Experiences and Lessons
  • Alleyne, Trevor


  • Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth
  • Lundgren, Charlotte J., Alun H. Thomas, et Robert C. York


  • Restoring Sustainability in a Changing Global Environment: Options for Swaziland
  • Basdevant, Olivier, Emily Forrest et Borislava Mircheva


  • Macroeconomic Vulnerabilities Stemming from the Global Economic Crisis: The Case of Swaziland
  • Basdevant, Olivier, Chikako Baba et Borislava Mircheva


  • What Do Fast Job Creators Look Like? Some Stylized Facts and Perspectives on South Africa
  • Zhan, Zaijin


  • South Africa: Macro Policy Mix and Its Effects on Growth and the Real Exchange Rate—Empirical Evidence and GIMF Simulations
  • Canales-Kriljenko, Jorge Iván


  • Measuring the Potential Output of South Africa
  • Klein, Nir


  • In the Wake of the Global Economic Crisis: Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland
  • Mongardini, Joannes, Dalmacio Benicio, Thomson Fontaine, Gonzalo C. Pastor et Geneviève Verdier


  • Zimbabwe: Challenges and Policy Options after Hyperinflation
  • Kramarenko, Vitaliy, Lars H. Engstrom, Geneviève Verdier, Gilda Fernandez, Stefan E. Oppers, Richard Hughes, James McHugh et Warren L. Coats


  • Expenditure Composition and Economic Developments in Benin
  • Pani, Marco et Mohamed El Harrak


  • Wage Policy and Fiscal Sustainability in Benin
  • Lundgren, Charlotte J.


  • The Global Financial Crisis and Adjustments to Shocks in Kenya, Tanzania, and Uganda: A Balance Sheet Analysis Perspective
  • Masha, Iyabo


  • Impact of the Global Financial Crisis on Exchange Rates and Policies in Sub-Saharan Africa
  • Ben Ltaifa, Nabil, Stella Kaendera et Shiv Dixit


  • Spillover Effects and the East African Community: Explaining the Slowdown and the Recovery
  • Drummond, Paulo et Gustavo Ramirez


  • Foreign Exchange Reserve Adequacy in East African Community Countries
  • Drummond, Paulo, Aristide Mrema, Stéphane Roudet et Mika Saito

Notes de réflexion des services du FMI


  • Economic Diversification in LICs: Stylized Facts and Macroeconomic Implications
  • Papageorgiou, Chris et Nicola Spatafora


  • The International Financial Crisis and Global Recession: Impact on the CEMAC Region and Policy Considerations
  • Wakeman-Linn, John, Rafael A. Portillo, Plamen Iossifov et Dimitre Milkov


  • The Global Financial Crisis: Impact on WAEMU Member Countries and Policy Options
  • Mueller, Johannes, Irene Yackovlev et Hans Weisfeld


  • The Southern African Development Community’s Macroeconomic Convergence Program: Initial Performance
  • Burgess, Robert


  • Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis
  • Berg, Andrew, Norbert Funke, Alejandro Hajdenberg, Victor Duarte Lledo, Rolando Ossowski, Martin Schindler, Antonio Spilimbergo, Shamsuddin Tareq et Irene Yackovlev

Documents de travail


  • Natural Gas, Public Investment and Debt Sustainability in Mozambique
  • Melina, Giovanni et Yi Xiong


  • Africa’s Rising Exposure to China: How Large Are Spillovers Through Trade?
  • Drummond, Paulo et Estelle X. Liu


  • Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya
  • Andrle, Michael, Andrew Berg, Enrico Berkes, Rafael A Portillo, Jan Vlcek et R. Armando Morales


  • The Investment-Financing-Growth Nexus: The Case of Liberia
  • Clark, Will et Manuel Rosales


  • Making Monetary Policy More Effective: The Case of the Democratic Republic of the Congo
  • Fischer, Felix, Charlotte J. Lundgren et Samir Jahjah


  • Fiscal Discipline in WAEMU: Rules, Institutions, and Markets
  • Hitaj, Ermal et Yasin Kursat Onder


  • Inclusive Growth and Inequality in Senegal
  • Kireyev, Alexei


  • Money Targeting in a Modern Forecasting and Policy Analysis System: An Application to Kenya
  • Michal Andrle, Andrew Berg, Enrico Berkes, Rafael A. Portillo, Jan Vlcek et R. Armando Morales


  • Africa’s Got Work to Do: Employment Prospects in the New Century
  • Fox, Louise, Cleary Haines, Jorge Huerta Muñoz et Alun Thomas


  • Resource Dependence and Fiscal Effort in Sub-Saharan Africa
  • Thomas, Alun et Juan P. Treviño


  • Benchmarking Structural Transformation Across the World
  • Dabla-Norris, Era, Alun H. Thomas, Rodrigo Garcia-Verdu et Yingyuan Chen


  • Tax Administration Reform in the Francophone Countries of Sub-Saharan Africa
  • Fossat, Patrick et Michel Bua


  • Financial Depth in the WAEMU: Benchmarking Against Frontier SSA Countries
  • Ahokpossi, Calixte, Kareem Ismail, Sudipto Karmakar et Mesmin Koulet-Vickot


  • Investing Volatile Oil Revenues in Capital-Scarce Economies: An Application to Angola
  • Richmond, Christine, Irene Yackovlev et Shu-Chun Yang


  • Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries: The Case of Cameroon
  • Samaké, Issouf, Priscilla Muthoora et Bruno Versailles


  • Inclusive Growth: An Application of the Social Opportunity Function to Selected African Countries
  • Adedeji, Olumuyiwa, Huancheng Du et Maxwell Opoku-Afari


  • Inclusive Growth and the Incidence of Fiscal Policy in Mauritius—Much Progress, But More Could be Done
  • David, Antonio et Martin Petri


  • The Quality of the Recent High-Growth Episode in Sub-Saharan Africa
  • Mlachila, Montfort et Marcelo Martinez


  • Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa: What Room for Policy?
  • Boutin-Dufresne, Francois, Santiago Peña, Oral Williams et Tomasz A. Zawisza


  • Monetary Transmission Mechanism in the East African Community: An Empirical Investigation
  • Davoodi, Hamid, Shiv Dixit et Gabor Pinter


  • Determinants of Bank Interest Margins in Sub-Saharan Africa
  • Ahokpossi, Calixte


  • Exchange Rate Liberalization in Selected Sub-Saharan African Countries: Successes, Failures, and Lessons
  • Mæhle, Nils, Haimanot Teferra et Armine Khachatryan


  • Inward and Outward Spillovers in the SACU Area
  • Canales-Kriljenko, Jorge Iván, Farayi Gwenhamo et Saji Thomas


  • Bond Markets in Africa
  • Mu, Yibin, Peter Phelps et Janet Stotsky


  • Inequalities and Growth in the Southern African Customs Union (SACU) Region
  • Basdevant, Olivier, Dalmacio Benicio et Yorbol Yakhshilikov


  • Striking an Appropriate Balance Among Public Investment, Growth, and Debt Sustainability in Cape Verde
  • Mu, Yibin


  • The East African Community: Prospects for Sustained Growth
  • McAuliffe, Catherine, Sweta Saxena et Masafumi Yabara


  • Financing Growth in the WAEMU through the Regional Securities Market: Past Successes and Current Challenges
  • Diouf, Mame Astou et Francois Boutin-Dufresne


  • Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters
  • Thomas, Alun


  • A Financial Conditions Index for South Africa
  • Gumata, Nombulelo, Nir Klein et Eliphas Ndou


  • Estimating the Implicit Inflation Target of the South African Reserve Bank
  • Klein, Nir


  • Monetization in Low- and Middle-Income Countries
  • McLoughlin, Cameron et Noriaki Kinoshita


  • The Relationship between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa
  • Stotsky, Janet Gale, Manuk Ghazanchyan, Olumuyiwa Adedeji et Nils O. Maehle


  • Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants
  • Razafimahefa, Ivohasina Fizara


  • Welfare Effects of Monetary Integration: The Common Monetary Area and Beyond
  • Asonuma, Tamon, Xavier Debrun et Paul R. Masson


  • As You Sow So Shall You Reap: Public Investment Surges, Growth, and Debt Sustainability in Togo
  • Andrle, Michal, Antonio David, Raphael A. Espinoza, Marshall Mills et Luis-Felipe Zanna


  • Tracking Short-Term Dynamics of Economic Activity in Low-Income Countries in the Absence of High-Frequency GDP Data
  • Opoku-Afari, Maxwell et Shiv Dixit


  • Mobilizing Revenue in Sub-Saharan Africa: Empirical Norms and Key Determinants
  • Drummond, Paulo, Wendell Daal, Nandini Srivastava et Luiz E. Oliveira


  • Monetary Policy in Low-Income Countries in the Face of the Global Crisis: The Case of Zambia
  • Baldini, Alfredo, Jaromir Benes, Andrew Berg, Mai Dao et Rafael Portillo


  • Fiscal Policies and Rules in the Face of Revenue Volatility Within Southern Africa Customs Union Countries (SACU)
  • Basdevant, Olivier


  • Real Wage, Labor Productivity, and Employment Trends in South Africa: A Closer Look
  • Klein, Nir


  • Exchange Rate Volatility Under Peg: Do Trade Patterns Matter?
  • Lonkeng Ngouana, Constant


  • Assessing Bank Competition within the East African Community
  • Sanya, Sarah et Matthew Gaertner


  • Prudential Liquidity Regulation in Developing Countries: A Case Study of Rwanda
  • Sanya, Sarah, Wayne Mitchell et Angelique Kantengwa


  • Capital Market Integration: Progress Ahead of the East African Community Monetary Union
  • Yabara, Masafumi


  • International Reserves in Low-Income Countries: Have They Served as Buffers?
  • Cripolti, Valerio et George Tsibouris


  • Inflation Differentials in the GCC: Does the Oil Cycle Matter?
  • Mohaddes, Kamiar et Oral Williams


  • Effectiveness of Capital Controls in Selected Emerging Markets in the 2000s
  • Baba, Chikako et Annamaria Kokenyne


  • How Costly Are Debt Crises?
  • Furceri, Davide et Aleksandra Zdzienicka


  • Monetary Policy Transmission in Ghana: Does the Interest Rate Channel Work?
  • Kovanen, Arto


  • Does Money Matter for Inflation in Ghana?
  • Kovanen, Arto


  • On the Stability of Monetary Demand in Ghana: A Bounds Testing Approach
  • Dagher, Jihad et Arto Kovanen


  • Oil-Price Boom and Real Exchange Rate Appreciation: Is There Dutch Disease in the CEMAC?
  • Treviño, Juan Pedro


  • The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland
  • Basdevant, Olivier, Dalmacio Benicio, Borislava Mircheva, Joannes Mongardini, Geneviève Verdier, Susan Yang et Luis-Felipe Zanna


  • Do Remittances Reduce Aid Dependency?
  • Kpodar, Kangni et Maelan Le Goff


  • Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries: How Do They Differ?
  • Tabova, Alexandra et Carol L. Baker


  • Inflation Dynamics in the CEMAC Region
  • Caceres, Carlos, Marcos Poplawski-Ribeiro et Darlena Tartari


  • External Sustainability of Oil-Producing Sub-Saharan African Countries
  • Takebe, Misa et Robert C. York


  • The Cyclicality of Fiscal Policies in the CEMAC Region
  • Mpatswe, Gaston K., Sampawende J. Tapsoba et Robert C. York


  • South Africa: The Cyclical Behavior of the Markups and Its Implications for Monetary Policy
  • Klein, Nir


  • Burkina Faso—Policies to Protect the Poor from the Impact of Food and Energy Price Increases
  • Arze del Granado, Javier et Isabell Adenauer


  • De Jure versus De Facto Exchange Rate Regimes in Sub-Saharan Africa
  • Slavov, Slavi T.


  • Financial Deepening, Property Rights and Poverty: Evidence from Sub-Saharan Africa
  • Singh, Raju Jan et Yifei Huang


  • FDI from BRICs to LICs: Emerging Growth Driver?
  • Mlachila, Montfort et Misa Takebe


  • Determinants of Interest Rate Pass-Through: Do Macroeconomic Conditions and Financial Market Structure Matter?
  • Gigineishvili, Nikoloz


  • The Quest for Higher Growth in the WAEMU Region: The Role of Accelerations and Decelerations
  • Kinda, Tidiane et Montfort Mlachila


  • Fiscal Policy Implementation in Sub-Saharan Africa
  • Lledo, Victor Duarte et Marcos Poplawski Ribeiro


  • Post-Conflict Recovery: Institutions, Aid, or Luck?
  • David, Antonio, Fabiano Rodrigues Bastos
  • et Marshall Mills


  • Ghana: Will It Be Gifted, or Will It Be Cursed?
  • Aydin, Burcu


  • Oil Spill(over)s: Linkages in Petroleum Product Pricing Policies in West African Countries
  • David, Antonio, Mohamed El Harrak, Marshall Mills et Lorraine Ocampos


  • Feeling the Elephant’s Weight: The Impact of Côte d’Ivore’s Crisis on WAEMU Trade
  • Egoumé-Bossogo, Philippe et Ankouvi Nayo


  • ICT, Financial Inclusion, and Growth Evidence from African Countries
  • Andrianaivo, Mihasonirina et Kangni Kpodar


  • Fiscal Sustainability and the Fiscal Reaction Function for South Africa
  • Burger, Philippe, Alfredo Cuevas, Ian Stuart et Charl Jooste


  • Reviving the Competitive Storage Model: A Holistic Approach to Food Commodity Prices
  • Miao, Yanliang, Weifeng Wu et Norbert Funke


  • Inflation Uncertainty and Relative Price Variability in WAEMU
  • Fernandez Valdovinos, Carlos et Kerstin Gerling


  • Modeling Inflation in Chad
  • Kinda, Tidiane


  • Fiscal Expectations under the Stability and Growth Pact: Evidence from Survey Data
  • Poplawski-Ribeiro, Marcos et Jan-Christoph Rulke


  • Growth in Africa under Peace and Market Reforms
  • Korbut, Olessia, Gonzalo Salinas et Cheikh A. Gueye


  • Feeling the Elephant’s Weight: The Impact of Côte d’Ivoire’s Crisis on WAEMU Trade
  • Egoumé-Bossogo, Philippe et Nayo Ankouvi


  • Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate
  • Kinda, Tidiane, Jean-Louis Combes et Patrick Plane


  • Weathering the Global Storm: The Benefits of Monetary Policy Reform in the LA5 Countries
  • Canales-Kriljenko, Jorge Iván, Luis Ignacio Jácome, Ali Alichi et Ivan Luis de Oliveira Lima


  • Export Tax and Pricing Power: Two Hypotheses on the Cocoa Market in Côte d’Ivoire
  • Kireyev, Alexei


  • What Can International Cricket Teach Us About the Role of Luck in Labor Markets?
  • Aiyar, Shekhar et Rodney Ramcharan


  • Performance of Fiscal Accounts in South Africa in a Cross-Country Setting
  • Aydin, Burcu


  • Cyclicality of Revenue and Structural Balances in South Africa
  • Aydin, Burcu


  • Mother, Can I Trust the Government? Sustained Financial Deepening—A Political Institutions View
  • Quintyn, Marc et Geneviève Verdier


  • Islamic Banking: How Has It Diffused?
  • Imam, Patrick A. et Kangni Kpodar


  • A Macro Model of the Credit Channel in a Currency Union Member: The Case of Benin
  • Samaké, Issouf


  • How Do International Financial Flows to Developing Countries Respond to Natural Disasters?
  • David, Antonio


  • Exchange Rate Assessment for Sub-Saharan Economies
  • Aydin, Burcu


  • Balance Sheet Vulnerabilities of Mauritius during a Decade of Shocks
  • Imam, Patrick A. et Rainer Koehler


  • Beyond Aid: How Much Should African Countries Pay to Borrow?
  • Gueye, Cheikh A. et Amadou N.R. Sy


  • Banking Efficiency and Financial Development in Sub-Saharan Africa
  • Kablan, Sandrine


  • FDI Flows to Low-Income Countries: Global Drivers and Growth Implications
  • Dabla-Norris, Era, Jiro Honda, Amina Lahrèche-Révil et Geneviève Verdier


  • The Linkage between the Oil and Nonoil Sectors—A Panel VAR Approach
  • Klein, Nir


  • Short- versus Long-Term Credit and Economic Performance: Evidence from the WAEMU
  • Kpodar, Kangni et Kodzo Gbenyo


  • Budget Institutions and Fiscal Performance in Low-Income Countries
  • Dabla-Norris, Era, Richard Allen, Luis-Felipe Zanna, Tej Prakash, Eteri Kvintradze, Victor Duarte Lledo, Irene Yackovlev et Sophia Gollwitzer


  • ICT Equipment Investment and Growth in Low-and Lower-Middle-Income Countries
  • Haacker, Markus


  • The Real Exchange Rate and Growth Revisited: The Washington Consensus Strikes Back?
  • Berg, Andrew et Yanliang Miao


  • Firm Productivity, Innovation, and Financial Development
  • Dabla-Norris, Era, Eramus Kersting et Geneviève Verdier


  • Cyclical Patterns of Government Expenditures in Sub-Saharan Africa: Facts and Factors
  • Lledo, Victor, Irene Yackovlev et Lucie Gadenne


  • A Framework to Assess the Effectiveness of IMF Technical Assistance in National Accounts
  • Pastor, Gonzalo C.


  • Improving Surveillance Across the CEMAC Region
  • Iossifov, Plamen, Noriaki Kinoshita, Misa Takebe, Robert C. York et Zaijin Zhan


  • A Rule Based Medium-Term Fiscal Policy Framework for Tanzania
  • Kim, Daehaeng et Mika Saito


  • Analyzing Fiscal Space Using the MAMS Model: An Application to Burkina Faso
  • Gottschalk, Jan, Vu Manh Le, Hans Lofgren et Kofi Nouve


  • Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
  • Singh, Raju Jan, Markus Haacker et Kyung-woo Lee


  • São Tomé and Príncipe: Domestic Tax System and Tax Revenue Potential
  • Farhan, Nisreen


  • The Gambia: Demand for Broad Money and Implications for Monetary Policy Conduct
  • Sriram, Subramanian S.


  • Understanding the Growth of African Markets
  • Yartey, Charles Amo et Mihasonirina Andrianaivo


  • Credit Growth in Sub-Saharan Africa—Sources, Risks, and Policy Responses
  • Iossifov, Plamen et May Y. Khamis


  • Spillovers from the Rest of the World into Sub-Saharan African Countries
  • Drummond, Paulo, Flavio Nacif et Gustavo Ramirez


  • In Search of Successful Inflation Targeting: Evidence from an Inflation Targeting Index
  • Miao, Yanliang


  • Introducing the Euro as Legal Tender—Benefits and Costs of Eurorization for Cape Verde
  • Imam, Patrick A.


  • The Macroeconomics of Scaling Up Aid: The Gleneagles Initiative for Benin
  • Mongardini, Joannes et Issouf Samaké


  • Sub-Saharan Africa’s Integration in the Global Financial Markets
  • Deléchat, Corinne, Gustavo Ramirez, Smita Wagh, et John Wakeman-Linn


  • Financial Deepening in the CFA Franc Zone: The Role of Institutions
  • Singh, Raju, Kangni Kpodar et Dhaneshwar Ghura


  • Madagascar: A Competitiveness and Exchange Rate Assessment
  • Eyraud, Luc


  • Understanding Inflation Inertia in Angola
  • Klein, Nir et Alexander Kyei


  • Grants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries
  • Mongardini, Joannes et Brett Rayner


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