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Effects of macroeconomic policies on income growth, inflation, and output growth in Sub-Saharan Africa

  • Ghura, Dhaneshwar
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    Article provided by Elsevier in its journal Journal of Policy Modeling.

    Volume (Year): 17 (1995)
    Issue (Month): 4 (August)
    Pages: 367-395

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    Handle: RePEc:eee:jpolmo:v:17:y:1995:i:4:p:367-395
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505735

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    8. Thornton, Daniel L & Batten, Dallas S, 1985. "Lag-Length Selection and Tests of Granger Causality between Money and Income," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(2), pages 164-78, May.
    9. Mario I. Blejer & Mohsin S. Khan, 1984. "Government Policy and Private Investment in Developing Countries (Politique des pouvoirs publics et investissement privé dans les pays en développement) (Política estatal e inversión privada en lo," IMF Staff Papers, Palgrave Macmillan, vol. 31(2), pages 379-403, June.
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    12. Younger, Stephen D, 1992. "Testing the Link between Devaluation and Inflation: Time Series Evidence from Ghana," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 1(3), pages 369-94, November.
    13. Nunnenkamp, Peter & Schweickert, Rainer, 1990. "Adjustment policies and economic growth in developing countries : is devaluation contractionary?," Open Access Publications from Kiel Institute for the World Economy 1449, Kiel Institute for the World Economy (IfW).
    14. Darrat, Ali F., 1986. "Money, inflation, and causality in the North African Countries: An empirical investigation," Journal of Macroeconomics, Elsevier, vol. 8(1), pages 87-103.
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    16. Gylfason, Thorvaldur & Risager, Ole, 1984. "Does devaluation improve the current account?," European Economic Review, Elsevier, vol. 25(1), pages 37-64, June.
    17. Krugman, Paul & Taylor, Lance, 1978. "Contractionary effects of devaluation," Journal of International Economics, Elsevier, vol. 8(3), pages 445-456, August.
    18. Mohsin S. Khan & Malcolm D. Knight, 1981. "Stabilization Programs in Developing Countries: A Formal Framework (Programmes de stabilisation dans les pays en développement: cadre formel) (Programas de estabilización en los países en desarroll," IMF Staff Papers, Palgrave Macmillan, vol. 28(1), pages 1-53, March.
    19. Robert J. Barro, 1979. "Money and Output in Mexico, Colombia, and Brazil," NBER Chapters, in: Short-Term Macroeconomic Policy in Latin America, pages 177-200 National Bureau of Economic Research, Inc.
    20. Nugent, Jeffrey B & Glezakos, Constantine, 1982. "Phillips Curves in Developing Countries: The Latin American Case," Economic Development and Cultural Change, University of Chicago Press, vol. 30(2), pages 321-34, January.
    21. Pierre-Richard Agénor, 1991. "Output, devaluation and the real exchange rate in developing countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 127(1), pages 18-41, March.
    22. Dallas S. Batten & R. W. Hafer, 1983. "The relative impact of monetary and fiscal actions on economic activity: a cross-country comparison," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 5-12.
    23. Khan, Mohsin S. & Knight, Malcolm D., 1982. "Some theoretical and empirical issues relating to economic stabilization in developing countries," World Development, Elsevier, vol. 10(9), pages 709-730, September.
    24. Mario I. Blejer & Roque B. Fernandez, 1980. "The Effects of Unanticipated Money Growth on Prices and on Output and Its Composition in a Fixed-Exchange-Rate Open Economy," Canadian Journal of Economics, Canadian Economics Association, vol. 13(1), pages 82-95, February.
    25. Sheehey, Edmund J., 1986. "Unanticipated inflation, devaluation and output in Latin America," World Development, Elsevier, vol. 14(5), pages 665-671, May.
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    27. Leeper, Eric M., 1991. "Equilibria under 'active' and 'passive' monetary and fiscal policies," Journal of Monetary Economics, Elsevier, vol. 27(1), pages 129-147, February.
    28. Kormendi, Roger C. & Meguire, Philip G., 1985. "Macroeconomic determinants of growth: Cross-country evidence," Journal of Monetary Economics, Elsevier, vol. 16(2), pages 141-163, September.
    29. Nugent, Jeffrey B. & Glezakos, Constantine, 1979. "A model of inflation and expectations in Latin America," Journal of Development Economics, Elsevier, vol. 6(3), pages 431-446, August.
    30. De Haan, Jakob & Zelhorst, Dick, 1990. "The impact of government deficits on money growth in developing countries," Journal of International Money and Finance, Elsevier, vol. 9(4), pages 455-469, December.
    31. Solimano, Andres, 1986. "Contractionary devaluation in the southern cone : The case of Chile," Journal of Development Economics, Elsevier, vol. 23(1), pages 135-151, September.
    32. Leiderman, Leonardo, 1984. "On the monetary-macro dynamics of Colombia and Mexico," Journal of Development Economics, Elsevier, vol. 14(1), pages 183-201.
    33. De Gregorio, Jose, 1993. "Inflation, taxation, and long-run growth," Journal of Monetary Economics, Elsevier, vol. 31(3), pages 271-298, June.
    34. Lindauer, David L & Velenchik, Ann D, 1992. "Government Spending in Developing Countries: Trends, Causes, and Consequences," World Bank Research Observer, World Bank Group, vol. 7(1), pages 59-78, January.
    35. Anselm London, 1989. "Money, Inflation and Adjustment Policy in Africa: Some Further Evidence," African Development Review, African Development Bank, vol. 1(1), pages 87-111.
    36. Robert J. Barro, 1989. "A Cross-Country Study of Growth, Saving, and Government," NBER Working Papers 2855, National Bureau of Economic Research, Inc.
    37. Niskanen, William A., 1978. "Deficits, government spending, and inflation : What is the evidence?," Journal of Monetary Economics, Elsevier, vol. 4(3), pages 591-602, August.
    38. Guitian, Manuel, 1976. "The effects of changes in the exchange rate on output, prices and the balance of payments," Journal of International Economics, Elsevier, vol. 6(1), pages 65-74, February.
    39. Edward, Sebastian, 1986. "Are Devaluations Contractionary?," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 501-08, August.
    40. Barro, Robert J., 1976. "Rational expectations and the role of monetary policy," Journal of Monetary Economics, Elsevier, vol. 2(1), pages 1-32, January.
    41. Lucas, Robert E, Jr, 1973. "Some International Evidence on Output-Inflation Tradeoffs," American Economic Review, American Economic Association, vol. 63(3), pages 326-34, June.
    42. van Wijnbergen, S., 1982. "Stagflationary effects of monetary stabilization policies : A quantitative analysis of South Korea," Journal of Development Economics, Elsevier, vol. 10(2), pages 133-169, April.
    43. Thorvaldur Gylfason & Michael Schmid, 1983. "Does Devaluation Cause Stagflation?," Canadian Journal of Economics, Canadian Economics Association, vol. 16(4), pages 641-54, November.
    44. Karras, Georgios, 1994. "Macroeconomic effects of budget deficits: further international evidence," Journal of International Money and Finance, Elsevier, vol. 13(2), pages 190-210, April.
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