This paper assesses the current size and composition of the global financial safety net, and the respective roles of the IMF, regional and bilateral arrangements. It argues that global economic policymakers, through the G20, must work to ensure that the IMF remains at the centre of the...

The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a variable of interest to policy makers as it provides an estimate of the degree of labour market slack in the economy. However, the NAIRU is unobservable, and must be estimated using statistical models. This is most commonly...

The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a variable of interest to policy makers as it provides an estimate of the degree of labour market slack in the economy. However, the NAIRU is unobservable, and must be estimated using statistical models. This is most commonly...