While China's growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting the temporary factors behind the growth pickup. Going forward, rebalancing is expected to proceed as these temporary factors recede, but elevated income inequality and leverage...

These three invited papers examine the role that exchange rates may have in influencingcommodity prices, input prices and farm income. The papers arguably represent one of themost important recent attempts to quantify and explain these new linkages. As U.S. and worldagriculture moves from a...

These three invited papers examine the role that exchange rates may have in influencing commodity prices, input prices and farm income. The papers arguably represent one of the most important recent attempts to quantify and explain these new linkages. As U.S. and world agriculture moves from a...

In this paper we discuss the role of industrial policy trying to overcome the traditional method based on sectors and factors. We adopt a kind of holistic method whose pillars are the rules and the tools on one side and the relationships between firms and other social-economic institutions on...

We explore the hypothesis that macroeconomic polices are influenced by political structure, through a systematic comparison of reform period macroeconomic policy choices and outcomes, in China and India. One decade lagged Indian reform in the context of similar economic and very different...