Vanuatu has a comparatively favorable economy and cautious macroeconomic policies that have helped maintain stability and confidence. Financial sector policies also have been appropriately cautious. The economy must maintain low debt in the longer term, but as funding is needed for...

Fiscally undisciplined and divergent, West African countries are in transition for establishing a monetary union that must be effective by 2020 with the introduction of a single currency named "ECO". From the economic literature, it is argued that business cycles desynchronization is...

Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...