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Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies...

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Flexibility of adjustment to shocks : economic growth and volatility of middle-income countries before and after the global financial crisis of 2008

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How important are global factors for understanding the dynamics of international capital flows?

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Spillovers at the extremes : the macroprudential stance and vulnerability to the global financial cycle

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