Courses on Macroeconomic Management in Africa
The Poverty and Growth Program of the World Bank Institute will deliver two courses on Macroeconomic Management during the month of June, both organized by one of this blog's authors Hippolyte Fofack.
The Poverty and Growth Program of the World Bank Institute will deliver two courses on Macroeconomic Management during the month of June, both organized by one of this blog's authors Hippolyte Fofack.
The World Bank has launched its 2006 Global Development Finance report, focusing on the Development Potential of Surging Capital Flows.
See early posting today by our colleagues from PSD Blog.
As every Friday, we are posting a lecture note prepared by Raj Nallari and Breda Griffith for PGP courses on Economic Policies for Growth and Poverty Reduction.
Business cycles
Lawrence Summers, president of Harvard University, delivered a few weeks ago a speech on Global Account Imbalances and Emerging Markets Reserve Accumulation, at the Reserve Bank of India.
Our own Yan Wang blogged here on Global Imbalances.
Like every Friday, we are posting one of Raj Nallari’s teaching notes.
Before we examine how economic growth is measured (through the concept of GDP), we have a look at some basic macroeconomic concepts.
Arising from the interaction and behavior of the economic sectors we studied last Friday, there are certain key macroeconomic concepts that play a central role in macroeconomic analysis. These are defined in the framework of the System of National Accounts (SNA).
In their paper "Foreign Bank Entry, Performance of Domestic Banks and the Sequence of Financial Liberalization", PGP's Nihal Bayraktar and Yan Wang investigate the effects of banking sector openness and the sequence of financial liberalization on the efficiency and competitiveness of domestic
In previous Fridays Academy postings we have already seen how the measurement of poverty itself is the first step towards understanding the economic policies needed to reduce the number of poor. The second step is to understand the basic components of how an economy works. This in turn requires some knowledge of macroeconomics, the branch of economics that studies the aggregate economy by focusing on the analysis of key macroeconomic variables, including the economy’s total output, inflation, unemployment, the balance of payments, and the exchange rate.
A recent paper by Poverty and Growth Blog author Hippolyte Fofack investigates the leading causes of nonperforming loans during the economic and banking crisis that affected a large number of countries in Sub-Saharan Africa in the 1990s.