The equally uncharacterized nature of government role in Sub Saharan African (SSA) region on the issue of poverty reduction have surged the modest research of this study. The issue on poverty is a continuous cause and need remedies so much and fast. This study examined the effect of fiscal policy on poverty reduction in Sub-Saharan Africa from 1999 to 2016. Pool Mean Group (PMG) was employed to...

-------------------------------------------------------------------------------------------------------------------Abstract: We investigate the long run consequences of infrastructure provision on per capita income in a panel of countries over the period 1950-1992. Simple panel based tests are developed which enable us to isolate the sign and direction of the long run effect of infrastructure o...

The base currency effect in the purchasing power parity (PPP) literature refers to the stylized fact that tests on German mark real exchange rates are more likely to support mean reversion than analogous tests on US dollar rates. Using a panel of 19 OECD currencies, 1973-1997, we employ different panel unit root approaches to investigate the view that this effect can be attributed to neglected ...

We present a new monetary model in the presence of segmented asset markets that implies a persistent fall in interest rates after a once and for all increase in liquidity. The gradual propagation mechanism produced by our model is novel in the literature. We provide an analytical characterization of this mechanism, showing that the magnitude of the liquidity effect on impact, and its persistenc...