Daily List 022

Today's highlights

Wednesday 1 February 2023

Economy

'Low for Long' and risk-taking.

Departmental paper No. 2020/25.
Corporate Author:
International Monetary Fund. Monetary and Capital Markets Department.
Author:
Tobias Adrian
Publisher:
IMF

The COVID-19 pandemic is causing an unprecedented worldwide economic contraction, leading central banks to reduce interest rates to historically low levels and making unconventional monetary policies, including 'low for long' interest rates and asset purchases, increasingly common. Arguably, however, the policies implemented are efficient because they encourage increased risk-taking, and they may have, if unintentionally, increase medium- and long-run macro-financial vulnerabilities. This paper argues that the resulting trade-offs need to be carefully accounted for in monetary policy models and outlines how that can be achieved in practice

  • ISBN: 9781513556062
  • 23.95
 

Economy

Belt and road economics: opportunities and risks of transport corridors.

Corporate Author:
World Bank
Publisher:
World Bank

China proposed the Belt and Road Initiative in 2013 to improve connectivity and cooperation on a transcontinental scale. This study, by a team of World Bank Group economists led by Michele Ruta, analyses the economics of the initiative. It assesses the connectivity gaps between economies along the initiative's corridors, examines the costs and economic effects of the infrastructure improvements proposed under the initiative, and identifies complementary policy reforms and institutions that will support welfare maximisation and mitigation of risks for participating economies

  • ISBN: 9781464813924
  • 37.95
 

Education & Training

The role of intergovernmental fiscal transfers in improving education outcomes.

International development in focus
Corporate Author:
World Bank
Author:
Samer Al-Samarrai (editor), Blane Lewis
Publisher:
World Bank

The majority of the world's children live in countries where local governments are responsible for the provision of basic education services. Although sub-national governments manage their own education systems, they often rely on transfers from the central government for funding. The main purpose of this study is to assess how these fiscal transfers affect public funding for education and how they ultimately affect student schooling and learning outcomes. Through a careful analysis of how fiscal transfers have affected education systems in different contexts, the investigation develops a set of principles to support improvements in the design and implementation of transfer systems with a specific focus on the provision of education services. The study is centered on seven country case studies that aim to answer a set of common research questions using a similar approach. Country case studies were conducted in Brazil, Bulgaria, China, Colombia, Indonesia, Sudan, and Uganda. The analysis shows that fiscal transfer mechanisms can improve the adequacy of public education spending, reduce spending inequalities between regions, and improve spending efficiency. Moreover, the study highlights that carefully designed and implemented transfer systems can help raise overall education outcomes and reduce education inequality. This publication was funded by a grant from the Results in Education for All Children (REACH) trust fund at the World Bank. REACH is supported by the government of Germany through the Federal Ministry for Economic Cooperation and Development, the government of Norway through NORAD, and the government of the United States of America through the U.S. Agency for International Development

  • ISBN: 9781464816932
  • 42.50
 

IT & Communications

Praxis Framework: an integrated guide to the management of projects, programmes and portfolios.

Corporate Author:
Praxis Framework Limited
Publisher:
TSO (The Stationery Office)

The Praxis Framework integrates project, programme and portfolio management into one single guide. It provides a comprehensive approach for effective project, programme and portfolio management within a single framework, removing the duplication and repetition of studying three separate approaches

  • ISBN: 9780117094208
  • 50.00