Many studies have documented the missing relationship between PCE inflation and the labor market slack in the last 20 years. This paper first presents evidence of a strong sensitivity of price inflation to labor market tightness once we remove the late 90s from our sample and account for the...

Tells the story of a small-sized company that helped social development by combining philanthropic efforts with its ICT products.

In 2009, we are living through an upheaval that is changing our world. What will be the implications for the future?

Protectionism constitutes a double threat. It can make recovery from the recession slower and reduce the growth potential of the international economy once recovery has taken hold.

This article analyzes how external crises spread across countries. The authors analyze the behavior of four alternative crisis indicators in a sample of 20 countries during three well-known crises: the 1982 debt crisis, the 1994 Mexican crisis, and the 1997 Asian crisis. The objective is...

Recent years have seen substantial reductions in trade policy and other barriers inhibiting developing country participation in world trade. Lower barriers have contributed to a dramatic shift in the pattern of developing country trade--away from dependence on commodity exports to much greater...