The paper assesses the relevance of the EU Macroeconomic Imbalances Procedure scoreboard for the EU candidate countries. The calculation of the 14 indicators for a nine years period proves the recent economic crisis helped resolve some of the imbalances in the EU candidate countries but on the...

It is hard to find a book that explains, simply and fairly, what capitalism is, how it works, and its strengths and weaknesses. The very word capitalism was coined as a term of abuse. And still today, most books on the subject remain hostile to capitalism, or paint a distorted, confused picture...

More than halfway through the new decade, the South African economy has done very well. Growth was high in 2004, 2005 and 2006, capital inflows and the rand are strong, the budget is relatively healthy, and inflation rates and interest rates are low. As democracy continues to consolidate, there...

This paper outlines a baseline scenario for Mexico's economy for the period 2017-2019, based on the main internal and external assumptions with the highest probability to materialize. It also remarks the main risks that could deviate the economy from the baseline scenario

This paper briefly describes some features of the situation of the Spanish economy after five years of crisis, a task which is easier now that this period can be analyzed from a certain perspective. The crisis prompted a substantial readjustment of the main Spanish macroeconomic aggregates,...