Recent empirical evidence shows that most international prices are sticky in dollars. This paper studies the optimal policy implications of this fact in the context of an open economy model, allowing for an arbitrary structure of asset markets, general preferences and technologies, time-or...

Deepen BRICS partnership for a brighter future / Wang Linggui, Zhao Jianglin -- Opportunities and challenges for BRICS countries : the international environment and policy outlook for BRICS countries / Roberto Abdenur -- BRICS and the changing international system / Alexander Lukin -- The role...