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What macroeconomic policies are "sound?" (English)

Most people agree that the soundness of macroeconomic policies should be judged by their efficacy in meeting the objectives of steady growth, full employment, stable prices, and a viable external payments situation. ... See More +

Policy Research Working Paper WPS1995 OCT 31, 1998

Dailami, Mansoor; Ul Haque, Nadeem

Growth, debt, and sovereign risk in a small, open economy (English)

The continuing debt crisis that many developing countries have faced in the current decade has underscored the need to understand the relationships between debt accumulation and growth, as well as the need to develop policy approaches that foster adjustment in the external account while maintaining the growth of output. ... See More +

Policy Research Working Paper WPS260 AUG 31, 1989

Bhandari, Jagdeep S.; Ul Haque, Nadeem; Turnovsky, Stephen J.

Fiscal policy and private saving behavior in developing countries (English)

Most conventional policy analyses assume that of the fiscal variables, only current taxes affect private saving or consumption decisions, since these decisions are based on a notion of disposable or after-tax income. ... See More +

Departmental Working Paper DRD209 DEC 31, 1986

Haque, Nadeem U. Disclosed

Optimal profit sharing contracts and investment in an interest-free Islamic economy (English)

In an Islamic financial system, interest is replaced by a profit-sharing system in which risks are shared between lenders and borrowers. Concerns have been expressed that in such a system investment will decline. ... See More +

Departmental Working Paper DRD205 NOV 01, 1986

Haque, Nadeem U.; Mirakhor, Abbas Disclosed

Saving behaviour in an economy without fixed interest (English)

It has been argued that the Islamic prohibition against an ex ante fixed rate of return on borrowed money will lead to an increase in uncertainty that may reduce savings. ... See More +

Departmental Working Paper DRD184 SEP 01, 1986

Ul Haque, Nadeem; Mirakhor, Abbas Disclosed