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Morocco's Quest for Stronger and Inclusive Growth
Throughout the past two decades, Morocco has faced several external and domestic shocks, including large swings in international oil prices, regional geopolitical tensions, severe droughts, and most recently the impact of the pandemic and the economic fallout from Russia's invasion of Ukraine. Despite rough waters, the government stayed the course and remained focused not only on immediate stability, but also on the long-term needs of the Moroccan economy. This involved the adoption of a series of difficult measures, like the elimination of energy subsidies, and a strategy aimed at improving the country's infrastructure, diversifying the production and export bases by attracting foreign inve...
Morocco
Climate change is both a major threat and a source of opportunities for Morocco’s development. On one hand, Morocco is one of the world’s most water-stressed countries, and water scarcity is a serious constraint to the country’s ambition to transition to a new model of development. The authorities are planning to boost investment in water infrastructure, but this should be complemented by demand management reforms that bring the price of water closer to its actual cost and induce a shift in consumption behavior. On the other hand, Morocco can take advantage of its abundant competitive renewable energy resources to reduce its still high dependence on fossil fuels. Decarbonizing the ener...
Morocco
After a robust post-pandemic recovery in 2021, another severe drought and spillovers from Russia's invasion of Ukraine slowed growth and raised inflation in 2022. The authorities' policy response has been very strong, with fiscal, monetary, and financial policies appropriately calibrated to preserve macroeconomic stability while protecting the most vulnerable from the impact of the shocks. In addition, the authorities have accelerated the implementation of the vast program of structural reforms needed to make growth stronger, more resilient, and more inclusive. and made progress in further strengthening their institutional policy frameworks.
The Puraṇa Index
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ARGANANTA
Arga dan Ananta tumbuh bersama sejak kecil. Bagi Ananta, Arga adalah abang keduanya setelah Jefri. Arga adalah seseorang yang selalu ia andalkan dalam segala situasi. Sampai suatu ketika saat mereka tumbuh dewasa, Ananta menyadari ada perasaan lain yang tumbuh di antara mereka.
Spillovers to Emerging Markets from US Economic News and Monetary Policy
When the U.S. economy sneezes, do emerging markets catch a cold? We show that economic news, and not just monetary policy, in the United States affects financial conditions in emerging markets. News about U.S. employment has the strongest effects, followed by news about economic activity and about vaccines during the COVID-19 pandemic. News about inflation has instead limited effects on average. A key channel of international transmission of U.S. economic news appears to be the risk perceptions or risk aversion of international investors. We also show that some of the transmission of U.S. economic news occurs independently of the U.S. monetary policy reaction. Finally, we expand on evidence that financial conditions in the U.S. and emerging markets respond differently to U.S. monetary policy surprises, depending on the reaction of US stock prices.
Epoch
Setiap manusia memiliki periode waktu tertentu yang berharga di dalam masa kehidupannya. Seperti saat seseorang datang dan memberikan warna baru dalam kisah cintanya. Suatu masa yang biasa disebut dengan jatuh cinta. Entah itu pada akhirnya akan menyisahkan pahit atau manis. Tidak peduli orang itu akan tetap tinggal atau pergi. Tetap saja akan menjadi sebuah masa yang akan selalu dikenang. Ada begitu banyak cerita cinta dalam kehidupan manusia, memang tidak semua kisah cinta berakhir bahagia, ada juga yang berakhir dengan duka, tetapi semuanya tentu meninggalkan kesan mendalam dan kenangan yang membekas dalam diri kita. Kisah cinta yang ada di dalam Antologi Cerpen "EPOCH" ini akan menghadirkan senyum saat kisah cinta berakhir bahagia, dan mendatangkan haru saat kisah cinta berakhir duka. Cinta dengan berbagai macam rasa tersuguhkan di dalamnya. Tawa, tangis, haru, bahagia, manis, pahit, dan getir terlukis dalam setiap kisah cintanya. Saat membaca cerita-cerita yang ada di dalam Antologi Cerpen "EPOCH" ini, bersiap-siaplah untuk terhanyut dalam dunia cinta yang penuh dengan warna dan rasa.
Delapan puluh enam
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