countries/regions over the period 1979-2011Q2, to discriminate - between supply-driven and demand-driven oil-price shocks and to …-consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in …

This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses … explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing …

. This flight from quality was triggered by a fall in aggregate demand, was more acute when households could substitute …

presence of increased international liquidity …

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national …

The World Economic Outlook (WEO) is a key source of forecasts of global economic conditions. It is therefore important …

-specific variables such as growth, the current account balance, the international reserves position, and the institutional framework play …