This article, which serves as an introduction to the <italic>Oxford Review of Economic Policy</italic>’s issue on ‘Macroeconomic Policy Coordination: Global Imbalances and Global Growth’, charts the evolution of international macroeconomic policy coordination from the end of the Second World War until the...

We develop an empirical representation of inflation in Tanzania for the decade from 2001, estimating ‘multiple-determinant’ single-equation models for month-on-month headline inflation and its principal components (food, energy and core inflation). Our results suggest that while supply-side...

This paper is the outcome of research collaboration between staff of the Directorate of Economic Research and Policy at the Bank of Tanzania and the International Growth Centre. The views expressed in this paper are solely those of the authors and do not necessarily reflect the official views of...

Alternative measures of the UK output gap are considered for 1984-2007. The real-time series is strongly affected by the rolling-time estimation of the trend, and produces a picture of the business cycle which is not consistent with contemporary perceptions of the large fluctuations of the late...

This paper develops a dynamic model of household bargaining and uses it to motivate an empirical analysis of the impact changes in Canadian laws regarding the allocation of family assets upon divorce on female suicide. Using time series data, we show that in Ontario, the passage of Canadian...

A ‘new version’ gravity model, is used to estimate the effect of a full range of de facto exchange rate regimes, as classified by Reinhart and Rogoff (2004), on bilateral trade. The results indicate that, while participation in a common currency union is typically strongly...

This paper examines the properties of alternative monetary policy rules in response to large aid surges in low-income countries characterized by incomplete capital market integration and currency substitution. Using a dynamic stochastic general equilibrium model, it is shown that simple monetary...