“..."A monograph that accounts for financial frictions in some of the most-used macroeconomic models. An attempt to bring practical reality into macroeconomic...”

“...This paper provides an overview of the recent analytical and empirical literature on middle‐income traps. The first part examines the descriptive and...”

“...Interactions between loan-loss provisioning regimes and business cycle fluctuations are studied in a dynamic stochastic general equilibrium model with credit...”

“...This paper analyzes how low-income countries should optimally respond, through fiscal policy, to commodity price shocks. The model accounts for imperfect...”

“...This paper proposes a theory of long-run development based on public infrastructure as the engine of growth. The government, in addition to investing in...”

“...This paper develops a computable overlapping generations (OLG) model for gender and growth policy analysis that brings to the fore the role of access to public...”

“...This paper analyzes the dynamics of public debt in a simple two-period overlapping-generations model of endogenous growth with productive public goods...”