Tag Archives: Macro Policy Management

Should policy seek to promote small firms or large ones in Africa?

Is small beautiful when it comes to firms in poor countries? Whatever one thinks is the answer to that question the pervasiveness of small scale enterprises in countries in sub-Saharan Africa is not in dispute. In a recent CSAE discussion … Continue reading

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Universal access to HIV treatment: fiscal sustainability and incentives.

Before the advent of anti-retroviral therapies in the nineties, being infected by the HIV virus was equivalent to a death sentence. Now, thanks to remarkable advances in medical research, people who are HIV+ have the possibility to considerably increase their … Continue reading

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Lessons from macro-prudential policy in emerging markets

Last week, Donald Kohn, current member of Bank of England’s Financial Policy Committee and former Vice Chairman of the Board of Governors at the FED, gave a seminar at Oxford University on a key challenge faced by policymakers today: how … Continue reading

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Africa in two recessions

Our spring term ended a few weeks ago. I teach an undergraduate course that focuses on the economic history of the twentieth century. Unsurprisingly, the Great Depression is a major focus. The current mainstream view is that monetary shocks were … Continue reading

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