During the last two decades, the world has experienced a remarkable process of disinflation, with average inflation rates in industrialized countries falling by 10 percentage points and an even sharper decline of the mean rate of inflation in developing countries. Parallel to the decline in...

In March, 2007, the Treaty of Rome celebrates its 50th anniversary. The chief lesson from this remarkable period of European cooperation is the contribution to growth and prosperity from economic integration. The common commercial policy that emerged from this treaty has had a significant impact...

During the last two decades, the world has experienced a remarkable process of disinflation, with average inflation rates in industrialized countries falling by 10 percentage points and an even sharper decline of the mean rate of inflation in developing countries. Parallel to the decline in...

In March, 2007, the Treaty of Rome celebrates its 50th anniversary. The chief lesson from this remarkable period of European cooperation is the contribution to growth and prosperity from economic integration. The common commercial policy that emerged from this treaty has had a significant impact...