Anupam Manur

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Potential Output – Importance and Estimation

Potential output is of vital importance in macroeconomic policy making, despite imperfections in its estimation. In order to have an effective monetary and fiscal policy, policy makers need to gauge the level of economic activity in the economy and whether...

The Pritchett Test for Evaluating Policy Programs

Lant Pritchett urges analysts to ask four basic questions when evaluating policies There is a growing practice of conducting intense policy impact assessments in OECD countries, one which developing countries are trying to emulate. For example, in the EU, every...

Why is the Dollar the World’s Reserve Currency?

By Anupam Manur and Varun Ramachandra Strength, stability, universal acceptability, and a lack of a viable alternative to the dollar makes it the global reserve currency.  Global trade and businesses function best when there is a currency that is widely...
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