The author surveys the recent literature on the sustainability of fiscal deficits, most of which focuses on the United States and other industrial countries, to see how useful it might be in developing...
This article generalizes and extends the earlier analyses of Cuddington (1993) and Cuddington and Hancock (forthcoming) by incorporating the presence of underemployment and dual labor markets - considerations...
A Solow-style model is developed to study the effects of the AIDS epidemic on the growth path of the economy and GDP per capita. The model uses conjectures about the demographic effects of AIDS in Tanzania...
Sovereign debt: a primer. Modeling the macroeconomic effects of AIDS, with an application to Tanzania. A medium-term framework for analyzing the real exchange rate, with applications to the Philippines...
The debt crisis: where do we stand after seven years? Commodity export booms in developing countries. Changes in poverty and inequality in developing countries. Female labor force participation: an international...
This article surveys the experiences of commodity-exporting countries faced with resource discoveries and widely fluctuating world prices. Poor boom management leads to major internal and external economic...
Revenues in countries that rely heavily on one or two primary commodities tend to fluctuate widely with prices in international markets. This fluctuation is especially wide when export taxes are a large...
This paper suggests a number of important policy issues for countries currently benefitting from the temporary coffee export boom. First and foremost among these policy concerns is the tendency of these...
This paper discusses the importance of a coherent macroeconomic strategy for coping with coffee booms in Colombia. Such a strategy is a pre-condition for sustainability of the trade liberalization program...
Large-scale capital flight is often mentioned as an important cause of the external debt problem of developing countries. Motivated by this concern, this paper addresses the following questions (1) What...
Many developing countries have recently implemented or are contemplating fiscal deficit reduction programs. The dual objective of achieving short-run stabilization and restoring medium-term growth, while...
This paper explores the link between the worsening of the public sector deficit, on one hand, and the deterioration of the current account and build-up of external debt, on the other. It concludes that...