This paper reviews selectively the literature on exchange rate target zones and corresponding methodologies and examines whether they can be used to analyse the inflation-control problem. Given the close correspondence between the exchange rate and inflation-targeting problems, the target-zone...

This paper attempts to reduce the uncertainty about the dynamics of the monetary transmission mechanism. Central to this attempt is the identification of monetary policy shocks. Recently, VAR approaches that use over-identifying restrictions have shown success in isolating such shocks. This...

Post-conflict return is a highly politically charged process in a number of contexts, both for returnees and those who did not migrate or flee, leading many observers to question the notion of an unproblematic return “home”. Specifically, doubts remain both about the conditions and...

This paper provides a framework for the theme issue by exploring links between environmental change and human migration. We review evidence that demonstrates that millions of people have moved or are likely to move <i>towards</i> and not <i>away from</i> environmental risk and hazard by moving from rural...

Many institutions issue debt in both short-term markets, which implies frequent rebalancing, and long-term bond markets, which typically pay a higher coupon. The liability manager must consider this risk/cost trade-off in the face of uncertain interest rates and funding requirements. The debt...