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The paper presents a model of fiscal dominance with borrowing constraints, and provides evidence for a large number of sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries were characterized throughout the period 1980-2005 either by chronic fiscally dominant regimes, with weak or no response of primary surpluses to public debt; or by a consistent adoption of a monetary dominant regime. However, a number

The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT) emerging market economies. The paper uses a particularly simple and flexible general equilibrium model structure that can be amended to account for various phenomena that often complicate policy analysis in emerging markets, such as persistent trends in relative prices. The model's calibration is intuitive and can draw on the vast experience many countries have with calibrating small 'gap' models of monetary policy transmission. Moreover, the definition of the model's steady

The past year has been one of strong economic performance for the Western Hemisphere, notwithstanding somewhat slower growth in the United States in recent quarters. Can this performance be sustained, and what challenges does the region face? Reviewing macroeconomic prospects and risks, this report pays particular attention to the influence of the external environment on Latin America, and addresses the question of whether Latin America has now succeeded in breaking with its history of periodic growth reversals

Sketches the general concerns regarding maternal health in the context of the workplace. Discusses priority areas within the ILO's mandate for improving social protection, followed by a chapter on promoting decent work for health workers. Lists the countries that have ratified the ILO Maternity Protection Conventions, 1919 (No. 3), 1952 (No. 103), 2000, (No. 183), the Social Security (Minimum Standards) Convention, 1952 (No. 102) and the Nursing Personnel Convention, 1977 (No. 149).

Focuses on ways of coping with socio-economic and employment challenges of responding to crises arising from natural disaster, man-made catastrophe, or war. Reports on best practices and new avenues for crisis response and early warning, with examples from 14 developing countries around the world