and world commodity supplies and the real exchange rate and real commodity prices. It is shown that fiscal expansion and … increasing world commodity supplies simultaneously lead to an appreciation of the real exchange rate and a decline in relative … that theory and structure help in predicting commodity prices, although not the exchange rate, and that predictive ability …

rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but …

Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including …Part I. The frontiers of monetary policymaking. 1. An overview of inflation-forecast targeting -- Part II. Principles … and practices of inflation-forecast targeting. 2. First principles -- 3. Managing expectations -- 4. Nuts and bolts of a …

This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as …

in commodity and asset prices, are leading to sharp increases in deficits and debt stocks around the world. Expansionary … on the April 2009 World Economic Outlook to quantify the fiscal implications of the crisis for a cross-section of …

. Articles also look at the expansion of world trade, explore the impact of globalization on jobs, taxation, and the poor, and …

increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about …