This paper models the causes of the 2008 financial crisis together with its manifestations, using a Multiple Indicator Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 107 countries; we focus on national causes and consequences of the crisis, ignoring cross-country...

This paper models the causes of the 2008 financial crisis together with its manifestations, using a Multiple Indicator Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages that may have allowed the crisis to spread across...

Inflation targeting seems to have a small but positive effect on the synchronization of business cycles; countries that target inflation seem to have cycles that move slightly more closely with foreign cycles. Thus the advent of inflation targeting does not explain the decoupling of global...

This paper studies the characteristics of departures from monetary unions. During the post-war period, almost seventy distinct countries or territories have left a currency union, while over sixty have remained continuously in currency unions. I compare countries leaving currency unions to those...

Une alimentation équilibrée est le socle sur lequel reposent des vies saines, des moyens de subsistance solides et durables et des économies prospères. En l’absence de ce socle, leur construction s’appuie sur des sables mouvants. Les enfants souffrant d’un retard de croissance ne...

A boa nutrição é fundamental para se construírem vidas saudáveis, meios de subsistência fortes e resilientes, e economias prósperas. Em sua ausência, a construção é feita em areia movediça. Crianças com atraso de crescimento não se desenvolvem adequadamente e, em especial,...

Una buena nutrición es fundamental para promover vidas saludables, medios de subsistencia sólidos y resistentes, y economías prósperas. Sin ella, estos empeños se asientan sobre terreno inestable. Los niños con retraso de crecimiento no pueden crecer ni desarrollarse adecuadamente, y...