America, Asia and MENA). It covers the period 1979-2004, and carries out "second-generation" tests for non-stationary panels …

growth rates for the key emerging markets and other developing economies in Asia. China has by far the lowest share of … private consumption to GDP in Asia and, during this decade, has recorded the lowest rate of employment growth relative to GDP … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances …

inflation targeting, exchange rate management benefits households in the tradable goods sector but in the long run these …

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting … headline inflation, assigns zero weight to import prices. …

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation … ; matching models ; labor market search ; inflation persistence ; real wage rigidity …