Research

Recent or forthcoming publications [Click on PDF to download.  In most cases these are pre-publication versions.]

"Aid and Development in Africa" (with Lindsay Dolan), forthcoming in Journal of Catholic Social Thought. PDF.

"Towards a Rule-Based Approach to Monetary Policy in Sub-Saharan Africa" Journal of African Economies 20: ii36-ii66, 2011 Link to JAE pdf. [For "Food Prices and Inflation in a Closed-Economy IS/AS/MP Model", cited in the Appendix, see Working Papers below.]

"Building a Monetary Framework for the 21st Century" (with Christopher Adam, Benjamin O. Maturu, and Njuguna S. Ndung’u), In Adam, Collier and Ndung’u, eds (2010) Kenya: Policies for Prosperity (Oxford University Press): 140-171. PDF.

"Capital Mobility, Monetary Policy, and Exchange Rate Management in Kenya" (with Benjamin O. Maturu, Francis M. Mwega, Njuguna S. Ndung’u, and Rose W. Ngugi), In Adam, Collier and Ndung’u, eds (2010) Kenya: Policies for Prosperity (Oxford University Press): 172-210. PDF. [The appendix to this chapter is available here.]

"Inflation Targeting in Africa" forthcoming in Ernest Aryeetey, Shanta Devarajan, Ravi Kanbur, and Louis Kasekende, eds, Oxford Companion to the Economics of Africa. PDF.

"Fiscal Inertia, Donor Credibility, and the Monetary Management of Aid Surges" (with Edward F. Buffie and Christopher S. Adam), Journal of Development Economics 2009. PDF.

"Monetary Policy Rules for Managing Aid Surges in Africa" (with Christopher Adam, Edward Buffie and Catherine Pattillo), Review of Development Economics 13(3), August 2009: 464-90. [IMF Working Paper 07/180, July 1, 2007.]

"Aid Volatility, Monetary Policy Rules and the Capital Account in African Economies" (with Christopher Adam and Edward Buffie), in Gill Hammond, Ravi Kanbur and Eswar Prasad, eds, 2009, Monetary Policy Frameworks for Emerging Markets (Cheltenham, UK: Edward Elgar): 237-260. PDF.

"Aid Reversals, Credibility, and Macroeconomic Policy" (with Edward Buffie, Christopher Adam and Catherine Pattillo), in Gill Hammond, Ravi Kanbur and Eswar Prasad, eds, 2009, Monetary Policy Frameworks for Emerging Markets (Cheltenham, UK: Edward Elgar): 95-116. PDF.

"Riding the Wave: Monetary Responses to Aid Surges in Low-Income Countries" (with Edward Buffie, Christopher Adam, and Catherine Pattillo), European Economic Review 52(8), November 2008: 1378-1395. PDF.

"Contrasting Monetary Regimes in Africa" (with Patrick Honohan) in Mthuli Ncube, ed., 2008, Financial Systems and Monetary Policy in Africa. Nairobi: African Economic Research Consortium: 57-88. [Previously IMF Working Paper WP/97/64, May 1997.]

Benno J. Ndulu, Stephen A. O’Connell, Robert H. Bates, Paul Collier and Charles C. Soludo, eds, 2008, The Political Economy of Economic Growth in Africa, 1960-2000 (Cambridge, UK: Cambridge University Press).

Chapter 1: "Policy Plus: African Economic Growth Performance, 1960-2000" (with Benno J. Ndulu). PDF.

Chapter 2: "Opportunities and Choices" (with Paul Collier). PDF.

Benno J. Ndulu, Stephen A. O’Connell, Jean-Paul Azam, Robert H. Bates, Augustin K. Fosu, Jan W. Gunning, and Dominique Njinkeu, eds, 2008, The Political Economy of Economic Growth in Africa, 1960-2000: Country Case Studies (Cambridge, UK: Cambridge University Press).

Chapter 1: "Overview". PDF.

"Managing External Volatility: Central Bank Options in Low-Income Countries" (with Christopher Adam, Edward Buffie and Catherine Pattillo), chapter 1 in Nicoletta Battini, ed, 2007, Monetary Policy in Emerging Market and Other Developing Countries (New York: Nova Science Publishers): 1-30. PDF.

"Explaining African Economic Growth: The Role of Anti-Growth Syndromes" (with Augustin Kwasi Fosu), in Francois Bourguignon and Boris Plescovic, eds, Growth and Integration: Annual World Bank Conference on Development Economics 2006. Washington, D.C., The World Bank: 31-66.

"Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa" (with Edward Buffie, Christopher Adam and Catherine Pattillo), IMF Staff Papers 51(Special Issue), 2004: 126-160

"Aid versus Trade Revisited: Donor and Recipient Policies in the Presence of Learning-by-Doing" (with Christopher S. Adam), Economic Journal, 114(492), January 2004: 150-173. [This is a substantially revised version of our CSAE Working Paper, Series No. 2000-19, 2000.]

"Attachment to a National Currency: Evidence from Countries at Different Levels of Development" (with Philip N. Jefferson), Review of Development Economics 8(2), May 2004: 179-197.

"Aid Intensity in Africa" (with Charles C. Soludo), World Development 29(9), September 2001: 1527-1552.  [This is a substantially revised version of our CSAE Working Paper, Series No. 99-3, 1999.]

"Aid, Taxation, and Development in Sub-Saharan Africa" (with Christopher S. Adam), Economics and Politics 11(3), November 1999: 225-54. [A more extensive working paper version is available as World Bank Policy Research Working Paper No. 1885, February 1998.]

"Governance and Growth in Sub-Saharan Africa" (with Benno J. Ndulu), Journal of Economic Perspectives 13(3), Summer 1999: 41-66. [Corrections to Tables 1 and 2 in this paper appeared in JEP 14(3), Summer 2000: 241-242. PDF.]

Working papers

"The Demand for Money in Tanzania" (with Christopher Adam, Pantaleo Kessy, and Johnson Nyella), International Growth Centre Working Paper 11-0336, May 2011. PDF.

"International and Intra-National Market Segmentation and Integration in West Africa" (with Jenny C. Aker and Michael W. Klein), May 5, 2010. PDF.

"Borders, Ethnicity and Trade" (with Jenny C. Aker, Michael W. Klein and Muhze Yang). NBER Working Paper 15960, May. [Revised version of “Are Borders Barriers? The Impact of International and Internal Ethnic Borders on Agricultural Markets in West Africa” Center for Global Development Working Paper 208, April 2010.]

"Food Prices and Inflation in a Closed-Economy IS/AS/MP Model" Swarthmore College, February 20, 2010. PDF.

"Is Poverty a Binding Constraint on Economic Growth in Africa?" (with Jean-Yves Duclos) Framework paper GPN_04, AERC project on the Growth/Poverty Nexus, Nairobi, December 2009. PDF.

"Aid and Fiscal Instability" (with Christopher Adam and Edward Buffie), July 8, 2008. PDF.

"Inflation Targeting as a Monetary Framework: Issues and Concerns" Paper prepared for the CBN Conference on the Transition to Inflation Targeting, Abuja, Nigeria, January 19, 2008. PDF.

"A Sovereign Debt Model with Trade Credit and Reserves" (with Emanuel Kohlscheen), revised March 2006. PDF.

"Explaining African Economic Growth: Emerging Lessons from the Growth Project," October 2004. [Revised version of paper presented at the AERC Plenary Session, Nairobi, May 29, 2004.] PDF.

"Health Maintenance by Workers in Urban and Rural Production Structures" (with Germano M. Mwabu), April 2001. [Available in PDF format as a CSAE Working Paper, Series No. 2001-13, 2001.]

"Africa's Growth Performance: A Focus on Sources of Growth" (with Benno J. Ndulu), April 2000. PDF.

"Aid Dependence Reconsidered" (with Jean-Paul Azam and Shantayanan Devarajan), July 1998. [Available as CSAE Working Paper, Series No. 99-5, 1999; and as World Bank Policy Research Working Paper No. 2144, July 1999.]

 

Your COMMENTS on any of the above are most welcome.


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