BRICs’ philosophies for development financing and their implications for LICs prepared by Nkunde Mwase and Yongzheng Yang published by IMF. “Flows of development financing from the BRICs (Brazil, Russia, India, and China) to low income countries (LICs) have surged…
Low-income countries’ BRIC linkage: Are there crowth spillovers? by Issouf Samake and Yongzheng Yang published by IMF. “The estimation results show that there are significant direct spillovers while indirect spillovers also matters in many cases. Based on these results,…
“Monetary and Fiscal Policy Interactions in the Post-war U.S.” by Nora Traum and Shu-Chun S. Yang. “A New Keynesian model allowing for an active monetary and passive fiscal policy (AMPF) regime and a passive monetary and active fiscal policy…