Analyses continue to accumulate that demonstrate that the global gains from trade facilitation – understood as measures that reduce the overall costs of the international movement of goods – are potentially very large (Hufbauer et al 2012).
Who profits from trade-facilitation initiatives?
Bernard Hoekman, Ben Shepherd, 3 June 2013
A pro-growth economic plan
Richard Wood, 11 May 2013
There are similarities in the nature of the economic problems facing affected economies around the world:
The 'Good Global Citizen' remit for the international community: A novel responsibility for the IMF
Biagio Bossone, Roberta Marra, 16 March 2013
A fundamental lesson from the Great Recession is that global instability is more than the sum of domestic instabilities of single countries (Borio 2011). Not only do country exposures to global factors matter a lot: those same global factors, while they are considered to be exogenous from each country, are in fact endogenous to their collective behaviour.
IMF lending and banking crises
Luca Papi, Andrea F Presbitero, Alberto Zazzaro, 25 February 2013
During the 1990s, the IMF’s lending policy has been blamed for imposing the economic recipes of the Washington Consensus on recipient countries.
The multilateral approach to capital controls
Olivier Blanchard, Jonathan D Ostry, 11 December 2012
Paul Krugman blogged a few days ago about the “surprising intellectual flexibility” of the IMF in endorsing the use of capital controls to “calm volatile cross-border flows” (Krugman 2012).
Asia’s new financial safety net: Is the Chiang Mai Initiative designed not to be used?
Hal Hill, Jayant Menon, 25 July 2012
The trauma of the 1997 Asian crisis spurred Asian nations into deeper regional cooperation. The most visible outcome was the ‘Chiang Mai Initiative’, which established a network of bilateral currency swap agreements among the region’s central banks (Henning 2009).
The IMF response to the crisis: Crisis prevention and political influence
Alberto Zazzaro, Andrea F Presbitero, 26 June 2012
In response to the global financial crisis, international financial institutions have greatly boosted their lending to developing countries to help them cope with the crisis and to sustain the economic recovery. The IMF reversed the dramatic downsizing process experienced in the first part of the new millennium and significantly increased its lending capacity.
Quota formula reform is about IMF credibility
Arvind Virmani, 22 June 2012
The Eurozone crisis has overwhelmed all other debates about the reform and development of global governance institutions dealing with the world economy . It is therefore necessary to remind ourselves why we need a reform of the IMF quota formula.
Lessons from Latvia
Olivier Blanchard, 15 June 2012
In 2008 Latvia was widely seen as an economic basket case, a textbook example of a boom turned to bust.
Brinkmanship in Brussels, Sturm and Drachma for Greece and Europe
Jacob Funk Kirkegaard, 1 March 2012
Just as it did when Congress recently extended the payroll tax cut, brinkmanship has produced an early-morning deal in Europe to extend a new lifeline to Greece and clear the way for the biggest sovereign bond restructuring in history.
- The case for 4% inflationBall
- Helicopter money as a policy optionReichlin, Turner, Woodford
- The banking crisis as a giant carry trade gone wrongAcharya, Steffen
- Everything the IMF wanted to know about financial regulation and wasn’t afraid to askBair
- Rethinking macroeconomic policy: Getting granularBlanchard, Dell'Ariccia, Mauro
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Baldwin, Kawai, Wignaraja, 11 June 2013
Giavazzi, Portes, Weder di Mauro, Wyplosz
Reichlin, Turner, Woodford
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí
- How the EZ crisis is permanently changing EU institutionsMicossi
- WTO 2.0: Global governance of supply-chain tradeBaldwin
- Is US economic growth over? Faltering innovation confronts the six headwindsGordon
- The economic crisis: How to stimulate economies without increasing public debtWood
- Austerity: Too Much of a Good Thing?Corsetti
- Understanding banks in emerging markets5 - 6 September 2013 / EBRD, London / European Bank for Reconstruction and Development (EBRD) and Tilburg University