Budgetary Wishful Thinking
Why do many countries find it hard to control their budgets?
Research
Slow Pass-through Around the World: A New Import for Developing Countries?
Developing countries traditionally experience pass-through of exchange rate changes that is greater and more rapid than high-income countries experience.
Laws of Economics Catching Up With China
China watchers are waiting to see whether the country has engineered a soft landing, cooling down an overheating economy and achieving a more sustainable rate of growth, or whether Asia's dragon will
How to Ensure Stimulus Today, Austerity Tomorrow
Major shifts in the economy are rarely forecast and often not fully recognised until they have been under way for some time. So judgments about the US economy have to be tentative.
US Budget Breakthrough After Nov.?
So far in the current US presidential campaign, there has been virtually no attention paid to doing something about the US public debt problem. Instead, the battle among the primary Republican conten
Financial Repression Back to Stay
As they have before in the aftermath of financial crises or wars, governments and central banks are increasingly resorting to a form of “taxation” that helps liquidate the huge overhang of public and
The Natural Resource Curse: A Survey
Book abstract: When countries discover that they possess large deposits of oil and natural gas, the news is usually welcome.
Figures Show Obama Halted Recession
With November's election in the United States fast approaching, the Republican candidates seeking to challenge President Barack Obama claim that his policies have done nothing to support recovery from
The U.S. Tax System Needs Rebuilding
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The US Tax System Needs Rebuilding
Whoever wins this year’s US election, the combined effect of three events – the expiry of former president George W.
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