Tables of national competitiveness give an easily comparable ranking of the winners and losers of global economic competition. But they don't explain why the “poor” countries are four times less productive than the “rich” ones or why some rich countries are twice as productive as others....

Don´t Fix, Don´t Float is a book about credibility, or lack thereof. It deals with questions pertaining to international financial architecture from the perspective of developing countries, emerging markets and transition economies. Should the monetary authority fix the exchange rate of the...

The authors study different solutions to a simple one-dimensional linear qua dratic game with a large number of private agents and a government. A "time-consistent" solution is defined as a solution to the Hamilton- Jacobi-Bellman equation, i.e., as a policy for which the government has no...