a high level of competition. What a country produces and how much it competes domestically and internationally are …

This paper argues that structural weaknesses may make private investment particularly sensitive to business confidence … relative to other traditional investment drivers and global shocks. It gauges the importance of confidence over recent years in …, including a set of investment drivers (interest rates, unit labor costs, and confidence) is analyzed. The findings suggest that …

, occupation, and individual beliefs about COVID-19. In addition, those who trust their government's response to COVID-19 are …

This paper is an attempt to identify the determinants of trust between country authorities and IMF staff in the context … of an IMF-supported program. Using an outcomes-based definition of trust, a game-theoretic model is developed to compute … the level of trust between the two parties. The results and the analysis of trust-related issues emerging in a program …

Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a … show how trust induces employees to work harder, relative to those at firms that use the standard tools. In addition, we … profits. Finally, we show how trust may also be easier to use within the firm than the standard agency-mitigation tools …

We derive forecast confidence bands using a Global Projection Model covering the United States, the euro area, and … affects the United States. To calculate confidence intervals that respect the zero interest rate floor, we employ Latin … hypercube sampling. Derived confidence bands suggest non-negligible risks that U.S. interest rates might stay near zero for an …

policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …