There is evidence that a budget consolidation strategy can work with only a small and shortlived negative impact on growth. However, many countries are currently trying to consolidate at the same time as firms and consumers are deleveraging. We develop ten guidelines for consolidation during...

Negotiations on the Economic Partnership Agreements between African, Caribbean and Pacific countries and the European Union have not been making much progress recently. How should the Partnership Agreements be structured to ensure a pro-development outcome and how could the negotiations gain...

The financial crisis has affected the real economy in stages yet nevertheless at an unexpected rate and with all regions being affected simultaneously. It advanced almost independently of the regions' exposure to the actual initial causes, among them the subprime crisis, innovative financial...