The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active banking system (the BoC-GEM-FIN), to study the evolution of global current account balances following the recent global financial...

The recovery in private business investment globally remains extremely weak more than seven years after the financial crisis. This paper contributes to the ongoing policy debate on the factors behind this weakness by analyzing the role of growth prospects and uncertainty in explaining...

Paul Samuelson's recent article in the Journal of Economic Perspectives (2004) started drawing attention even before it was officially published (Fingleton, 2004). His conclusions go against the weight of 200 years of trade theory in concluding that international trade can, at times, result in...

The paper provides an operational definition of the concept of globalisation and reviews the pro-globalisers' case for the worrld-wide spread of free market capitalism through the implementation of the 'Washington Consensus'. The pros and cons of the case for capital account liberalisation and...

There is the possibility to affirm on a very surprising (methodological) equivalence, beyond a historian space-time, between two important attempts toward the forever difficult "problem solving": I: Consolation of Philosophy, by Roman philosopher and mathematician Boetius (ca. 480–524 or 525),...