For a United States citizen, the short trip to Havana requires navigating an obstacle course, owing to the trade and travel embargo that…
The United States is famous for its ability to innovate. Aspiring fiscal conservatives around the world thus might be interested in…
Book abstract: In the years following the global financial crisis, many low-income countries experienced rapid recovery and strong economic…
The possibility that the renminbi may soon join the ranks of international currencies has
generated much excitement. This paper looks to…
Why do countries find it so hard to get their budget deficits under control? Systematic patterns in the errors that official budget…
The purpose of this essay has not been to provide China with a detailed list of all of the things that the country must do to maintain a…
The world's advanced economies remain divided over whether to strengthen budget balances in the short term or to use fiscal policy to…
We investigate whether leading indicators can help explain the cross-country incidence of the 2008–09 financial crisis. Rather than looking…
How should we evaluate the forecasting power of models? What are appropriate loss functions for major market participants? Is the exchange…
Any solution to the Eurozone crisis must meet two objectives. One is short run and the other is long run. Unfortunately they tend to…