This paper reviews the accumulated theory and evidence on the sources of European underperformance in terms of economic growth and unemployment. It takes the view that the main problem lies with labor market institutions, ranging from negotiation structures to hiring and firing costs,...

[fre] Il est toujours préférable d’avoir les mains libres . Cet article examine le rôle de la politique des taux de change dans des pays où la transition est désormais fermement établie. En particulier, nous étudions la stratégie de sortie pour les économies en transition qui...

This book is based on a conference entitled "Regional Public Goods and Regional Development Assistance", held in Washington, D.C. on November 6-7, 2002. It examines how the IDB and the ADB support the provision of regional public goods (RPGs) in Latin America and Asia, respectively. RPGs are...

A widely accepted narrative of the European sovereign debt crisis is that it was due, at least in a large part, to a loss of competitiveness suffered by a number of countries. This article argues that this assertion is factually wrong. Working with the same data used to make the assertion, the...