The integration into the world economy of labour-abundant economies - such as China, India and Eastern European countries - has had far-reaching effects. This is of interest to policymakers, who need to understand the channels by which globalisation is affecting the macroeconomy. This article...

Is central bank transparency associated with variation in macroeconomic outcomes? Cross-country data covering 87 countries is used to construct an index for transparency based upon the detail in central banks' published forecasts. After controlling for a number of other institutional and...