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Macroeconomic Shock Synchronization in the East African Community
shock synchronization structural VAR regional integration East Africa
2014/12/26
The East African Community (EAC) economic integration has gained momentum recently, with the EAC countries aiming to adopt a single currency in 2015. This paper evaluates empirically the readiness of ...
The universal shape of economic recession and recovery after a shock
economic recession recovery
2010/12/13
We show that a simple and intuitive three-parameter equation fits remarkably well the evolution of the gross domestic product (GDP) in current and constant dollars of many countries during times of re...