The expert contributors focus on global imbalances and accompanying policy challenges, competitiveness and trade, the sustainability of current growth strategies, and banking and financial stability in the light of the global economic and financial crisis. They provide a multi-disciplinary...

Dynamic latent variable models, coherences and correlation analysis applied to real and nominal aggregates are used to compare wide sense cyclical interdependence between OECD economies across exchange rate regimes. The results indicate that while there are important domestic components in the...

Simulations with the IMF's Global Economy Model, calibrated to the European Union, suggest that there are sizable long-term gains in output and employment from boosting competition in product and labor markets. Coordinating reforms across these markets in a given country is found to be...

This Selected Issues paper compares the growth performance of Central African Economic and Monetary Community (CEMAC) countries with that of comparative countries. During the last two decades, the average growth of CEMAC countries has been slower than the sub-Saharan African average. The results...

Tratar las subvenciones del comercio mundial de manera constructiva es un elemento central del objetivo de los líderes del G20 de reformar y reforzar el sistema multilateral de comercio. La utilización cada vez mayor de subvenciones causantes de distorsión altera los flujos comerciales y de...