Mauritius, a multiethnic society, has turned to manufactured exports and tourism as an alternative to reliance on sugar production. Malta overcame the shock of

This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly obser

United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous sho

We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key c

This wide-ranging and innovative book synthesizes the findings of a major international study of the political economy of poverty, equity, and growth. It repres