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Challenges of Central Banking in Africa  

Benno Ndulu and Joseph Leina Masawe

Print publication date:
Jul 2015
Online publication date:
Apr 2015
Central banks in Africa have implemented far-reaching reforms to ensure greater effectiveness in monetary policy implementation, but they still face considerable challenges ranging from ... More

An Estimated DSGE Model of the Indian Economy  

Vasco Gabriel, Paul Levine, Joseph Pearlman, and Bo Yang

Print publication date:
Mar 2012
Online publication date:
Nov 2012
This article studies business cycle dynamics in the Indian economy using a new Keynesian dynamic stochastic general equilibrium (DSGE) framework. This is one of the first attempts to ... More

Estimating Rural Poverty: Distributional Outcomes, Evaluations, and Policy Responses  

M. H. Suryanarayana

Print publication date:
Mar 2012
Online publication date:
Nov 2012
Much of the theorizing and policy making for rural poverty alleviation in India lacks empirical appreciation of issues and challenges. Therefore, it is important to examine how valid the ... More

Financial Frictions and Monetary Policy Transmission in India  

Kenneth Kletzer

Print publication date:
Mar 2012
Online publication date:
Nov 2012
This article focuses on how the institutional structure of the financial sector and the role of financial intermediation in the Indian economy affect the transmission of monetary policy to ... More

Global Megatrends and the Macroeconomics of Gender  

Kalpana Kochhar, Sonali Jain-Chandra, and Monique Newiak

Print publication date:
Feb 2019
Online publication date:
Mar 2019
This chapter examines global megatrends such as demographic shifts, technological progress, globalization, and climate change and emphasizes the important role of gender equality in ... More

Long-Run Growth in Open Economies: Export-led Cumulative Causation or a Balance-of-payments Constraint?  

Robert Blecker

Print publication date:
Sep 2013
Online publication date:
Oct 2013
Post-Keynesian economists concerned with long-run growth in open economies have developed two related but fundamentally different theoretical approaches: the export-led cumulative ... More

Monetary Policy Issues in Sub-Saharan Africa  

Andrew Berg, Stephen O'Connell, Catherine Pattillo, Rafael Portillo, and Filiz Unsal

Print publication date:
Jul 2015
Online publication date:
Dec 2014
This chapter examines monetary policy in sub-Saharan Africa (SSA). After a brief historical overview of changes in SSA’s monetary policy landscape from the 1980s, the article considers a ... More

Population Dynamics in India and Implications for Economic Growth  

David E. Bloom

Print publication date:
Mar 2012
Online publication date:
Nov 2012
This article looks at the consequences of India's demographic transition—higher population growth and transforming age structure—and its impact on growth. In a comparison group comprising ... More

Post-Keynesian Economics and the Role of Aggregate Demand in Less-Developed Countries  

Amitava Krishna Dutt

Print publication date:
Sep 2013
Online publication date:
Oct 2013
Although post-Keynesian economics, like John Maynard Keynes’s own analysis in The General Theory of Employment, Interest and Money, mostly deals with advanced capitalist economies, in the ... More

What More do we want to know about the Indian Economy?  

Ashok Kotwal

Print publication date:
Mar 2012
Online publication date:
Nov 2012
This article first takes stock of what we know about the patterns observed in Indian development and speculates on the likely scenarios over the next few decades. The main question that ... More

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