The article is a response to a polemical essay of J. Kay and his critique of macroeconomic modeling. The author shows that models are an indispensable instrument of economic analysis and that the only alternative would be the formulation and estimation of structural relationships between...

This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis. Using an index that measures the extent of policy divergence among the three trilemma policy choices—monetary independence, exchange rate...

Looking back around half a century, Thailand has been one of the fastest growing economies in the world. lt also possesses an impressive record in term of poverfy reduction' Whether the two phenomena are related and, if so, how, are of great interest to academic and policymakers. This paper...

Romanian Abstract: Articolul de faţă prezintă evoluţia economică a Finlandei în 2013 şi previziunile pentru 2014-2015. Analiza indicatorilor macroeconomici precum PIB, rata inflaţiei, rata şomajului, volumul exporturilor sau al importurilor indică faptul că economia finlandeză va...

Romanian Abstract: Articolul de faţă prezintă evoluţia economică a Finlandei în 2014 şi previziunile pentru 2015-2016. Analiza indicatorilor macroeconomici precum PIB, rata inflaţiei, rata şomajului, volumul exporturilor sau al importurilor indică faptul că anul 2014 marchează...

The Eurozone, as a currency union, has attracted a number of criticisms on its construction, its completeness and its capability to perform during challenging times. The European Commission remains committed to deepening and completing the Economic and Monetary Union and this article, which...

This policy brief reports on the NGDP gap, a measure of unexpected changes in the dollar size of the US economy, is the percent difference between the actual and the neutral level of NGDP. The neutral level of NGDP, in turn, is a sum of all dollar incomes expected by households and businesses...

The Database of Global Economic Indicators (DGEI) from the Federal Reserve Bank of Dallas is aimed at standardizing and disseminating world economic indicators for policy analysis and scholarly work on the role of globalization. The purpose of DGEI is to offer a broad perspective on how economic...

The growing realization that the fate of forests will be determined by factors outside the forests and the forestry sector has prompted individuals and institutions to look beyond the immediate causes of forest health and degradation in order to unravel not-so-obvious and often...