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Estimating monetary policy rules for South Africa
Monetary policy in South Africa's emerging market economy, given capital account liberalization and severe constraints on fiscal policy, has the major responsability for curbing inflation and currency instability while trying to ensure sufficient growth for longer-term political stability and the ...
Too poor to grow
Development theorists have long been intrigued by a variety of mechanisms capable of generating vicious cycles of poverty and stagnation—broadly referred to as poverty traps. These mechanisms highlight different ways in which poverty may deter growth and become self-perpetuating. Such situation may ...