This Selected Issues paper analyzes France's fiscal stance using a structural stochastic model. The theoretical model features a forward-looking benevolent government that needs to decide the optimal fiscal stance given the level of public debt, the cyclical position of the economy, and...

Preface : Redefining Development / Muhammad Yunus -- Introduction / Kevin Danaher -- World Bank/IMF : 50 years is enough / Bruce Rich -- Global economic counterrevolution : how northern economic warfare devastates the south / Walden Bello -- IMF/World Bank wreak havoc on Third World / Davison...

This chapter reports on Coordinating Group on Exchange Rate Issues' (CGER) works and provides perspectives on alternative frameworks for assessing exchange rates and the rationale for CGER's general approach. The primary motivation for the work of the CGER is to identify cases where exchange...