The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the “fiscal cliff” facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major...

The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the “fiscal cliff” facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major...

The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the “fiscal cliff” facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major...

The research summaries in the September 2012 issue of the IMF Research Bulletin are ""Surges in Capital Flows: Why History Repeats Itself"" (by Mahvash S. Qureshi) and ""The LIC-BRIC Linkage: Growth Spillovers"" (by Issouf Samake, Yongzheng Yang, and Catherine Pattillo). The Q&A covers ""Seven...

The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the ""fiscal cliff"" facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major advanced...

The research summaries in the June 2012 issue of the IMF Research Bulletin are "Public Debt in Advanced Economies and Its Spillover Effects on Long-Term Yields" (by C. Emre Alper and Lorenzo Forni) and "Expansionary Fiscal Contractions: The Empirical Evidence" (by Rina Bhattacharya and Sanchita...

This paper presents views of Professor Robert Triffin on international liquidity and the role of the IMF. The paper is an exposition of Triffin's diagnosis of present and prospective difficulties in the international financial area and of his prescriptions for dealing with these difficulties. It...

This paper is an attempt to examine several theories about the dynamics of exchange rate adjustment. All the models start from the premise that exchange rates are determined by the balancing of supply and demand for each currency and that expectations play a prime role in determining demand. The...

This paper highlights various problems and policies related to latent inflation. Disappointment will undoubtedly be widespread if, after 10 years of inflation control, latent inflation is permitted to become active and there is a considerable rise in prices. It is not unlikely that some...

This paper focuses on various aspects of inflation in Latin America. Among short-run factors, World War II considerably affected the balance of payments of Latin American countries and thus indirectly their inflationary situation. Inflation in a greater or less degree has long been...