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Saturday, December 31, 2011

Does interest rate channel work? Evidence from Ghana

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In short, it won’t work as expected. Why? Because of information asymmetries and imperfect markets. Here is the abstract from a recent paper...
Friday, December 30, 2011

Nepal’s problems with exports

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[It published in The Week, Republica , December 30, 2011, p.9] Nepal’s problems with exports Trade is one of the most vital components...
Tuesday, December 27, 2011

Companies pulling out of SEZ after incentives were scaled down in India

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Looks like companies are pulling out of SEZs after the Indian government pruned benefits given to companies locating and operating inside SE...

The perils of having consumer groups in the absence of elected local bodies

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A latest study by United Nations Capital Development Fund (UNCDF), reported in Nagarik Daily , states that budget leakage in Mountain and Te...
Monday, December 26, 2011

The need of fiscal tools for short run stabilization

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David Romer argues that fiscal tools are needed for short run stabilization, especially when the economy is in a liquidity trap (zero lower...
Thursday, December 22, 2011

Defense versus foreign aid: Which one to cut during trying times?

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Here is an interesting article in The Economist that looks at why the public support slashing foreign aid but not defense spending during a...
Thursday, December 15, 2011

Total illicit financial outflows from Nepal was US$6.04 billion over 2000-2009

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Total illicit financial outflows from Nepal over the period 2000-2009 is estimated to be US$6.040 billion, according to a new report titled ...