As the second largest African oil producer, Angola had unsustainable government expenditures in effect until 2014 due to the drop in international oil prices. The Government responded with a comprehensive reform program including the gradual elimination of most fuel subsidies and an extension of...

This assessment presents a synthesis of analysis to contribute to the definition of a lower carbon and greener growth path for Romania to 2050. The objective of Romania's green growth path is to implement mitigation actions and undertake needed adaptation while preserving growth and employment....

In the immediate wake of the Great Recession we didn't see the disinflation that most models predicted and, subsequently, we didn't see the inflation they predicted. We show that these puzzles disappear in a Vector Autoregressive model that properly accounts for domestic and global factors. Such...

This paper analyses the distribution of long-term inflation expectations in the euro area using individual density forecasts from the ECB Survey of Professional Forecasters. We exploit the panel dimension in this dataset to examine whether this distribution became less stable following the Great...