In this paper it is argued that in a system of widespread managed floating, as in a par value system with occasional floating, the problem of asymmetry of adjustment between the issuers of the principal intervention currencies and other countries and the problem of ensuring an effective...

This detailed investigation of the effects of the devaluation of sterling by the United Kingdom in 1967 examines the critical economic relationships involved in devaluation and estimates them over a period which spans the devaluation (1960-1972). Perverse effects on the trade balance which...

The research summaries in the March 2012 issue of the IMF Research Bulletin are ""Foreign Direct Investment and the Crisis: Is This Time Different?"" (by Yuko Kinoshita) and ""Food Prices and Inflation"" (by James P. Walsh). The Q&A covers seven questions on ""Unemployment through the Prism of...

The IMF’s World Economic Outlook is packed with country specific facts, figures, and worldwide projections that present the outlook for growth, inflation, trade, and other economic developments in a clear, practical format. Leading international economists pull together the latest data on key...

This edition of the World Economic Outlook explores the prospects for growth in the aftermath of the financial crisis. The fragile nature of the recovery will present many challenges. These include the need for continued strong monetary, fiscal, and financial policies, ongoing efforts to restore...

Noteworthy among the six papers appearing in this latest issue of the IMF's peer-reviewed journal is another installment in the Special Data Section. Anthony Pellechio and John Cady from the IMF's Statistics Department take a close look at differences in IMF data; how and when they could occur;...

The Q&A in this issue features seven questions about Large Fiscal Consolidation Attempts in the Past and Implications for Policymakers Today (by Fuad Hasanov and Paolo Mauro). The research summaries are ""Booms and Busts"" (by Roberto Piazza) and "" Did Export Diversification Soften the Impact...

This first issue of IMF Staff Papers for 2005 contains 7 papers that discuss: whether output recovered after the Asian crisis; the value of a country's trading partners to its own economic growth; whether interdependence is a factor in understanding the spread of currency crises; can remittance...

Vol. 54, No. 2 includes three notable contributions from the Seventh Jacques Polak Annual Research Conference (ARC) hosted by the IMF in November 2006. Its lead paper, by Olivier Blanchard of Harvard University, is the 2006 Mundell-Fleming Lecture (delivered at the ARC), which analyzes...

This report presents revised projections resulting from a country-by-country updating of the estimates published in the April 1985 World Economic Outlook. The projections are based on the usual technical assumptions of (1) unchanged nominal exchange rates among industrial countries; (2)...