Abstract Liberalisation of the trading environment, through regional integration and the formation of WTO, is shown to increase trade growth relative to GDP. The impact of trade liberalisation compounded over time and added about 1.5 per cent per annum to world trade growth during the last...

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  The need to understand the dynamics and after-effects of the recent financial crisis,  the evolution of macroprudential surveillance and the introduction of macroprudential regulation all require appropriate macroeconomic models of financial institutions and  markets.  We present models of...

This research, conducted for BIS, explains the wider macroeconomic benefits of a more highly-educated workforce. Higher education (HE) significantly contributes to long-run productivity and economic growth.