This paper investigates the effects of climate shocks on inflation and monetary policy in the Middle East and Central Asia (ME&CA) region. We first introduce a theoretical model to understand the impact of climate risks on headline and food inflation. In particular, the model shows how climate shocks could affect the path of policy rates through food prices. We then use local projections to estimate the impact of climate shocks on headline and food inflation. The results show that price stability is more easily achievable under positive climate conditions. Overall, our findings shed new light on the importance of considering climate-related supply shocks when designing monetary policy, particularly in countries where food makes up a significant part of the CPI-basket.
This paper assesses Morocco’s potential output and the scope for structural reforms to reverse the downward trend in economic performance observed since the Global Financial Crisis. Using multivariate filtering (MVF) techniques, our analysis finds that the downward secular trend in potential growth was primarily driven by the decline in the contribution of labor inputs. We then combine production function and general equilibrium model approaches to provide estimates of the potential macroeconomic impact of Morocco’s structural reform agenda. The results suggest that the planned structural reforms could deliver sizable output gains in the medium to long term with reforms that would reduce the large gender gap in Morocco’s labor market yielding the greatest payoffs.
Indonesia, the largest country in Southeast Asia, has as its national motto "e;Unity in Diversity."e; In 2010, Indonesia stood as the world's fourth most populous country after China, India and the United States, with 237.6 million people. This archipelagic country contributed 3.5 per cent to the world's population in the same year. The country's demographic and political transitions have resulted in an emerging need to better understand the ethnic composition of Indonesia. This book aims to contribute to that need. It is a demographic study on ethnicity, mostly relying on the tabulation provided by the BPS (Badan Pusat Statistik; Statistics-Indonesia) based on the complete data set of the 2010 population census. The information on ethnicity was collected for 236,728,379 individuals, a huge data set. The book has four objectives: To produce a new comprehensive classification of ethnic groups to better capture the rich diversity of ethnicity in Indonesia; to report on the ethnic composition in Indonesia and in each of the thirty three provinces using the new classification; to evaluate the dynamics of the fifteen largest ethnic groups in Indonesia during 2000-2010; and to examine the religions and languages of each of the fifteen largest ethnic groups.
Celebrated Ayurveda teacher Ananta Ripa Ajmera offers an inspiring introduction to this ancient Indian medical tradition, which complements and extends the health and wellness benefits of yoga. Through 108 short essays you will learn to approach optimal digestion, better sleep, less stress, and a more balanced life. Diet is key, and many essays are accompanied by recipes that incorporate into daily meals spices such as turmeric, cumin, ginger, and mustard seeds. In addition, meditation, yoga and breathing exercises, and self-care practices such as oil pulling and massage, make this time-tested wisdom available to contemporary holistic health enthusiasts — even beginners.
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