Global Economic Prospects 2014

Five years after the financial crisis, the world economy is showing signs of bouncing back. Read more ...

Development Prospects

Providing information, analysis, and advice on global trends in the world economy.  Find out more ...

Global Economic Monitor

Now free. Daily and monthly updates on global economic developments and relevant topical issues. Find out more ...

Syndicate content

Macroeconomics and Economic Growth

Is Modern Macro Useful for Development Economics (and Economists)?

Jamus Lim's picture

One of the interesting byproducts of the global financial crisis has been the induced crisis in the economics profession. More precisely, there has been a minor intellectual crisis in macroeconomic thought, with an erosion of what had been previously believed to have been a new synthesis in macroeconomics.

South Africa: Growth Acceleration Bodes Well for 2010 (World Cup?) Prospects

Theo Janse van Rensburg's picture

In light of the GDP figures released on 25 May 2010, which indicated that growth accelerated further to 4.6% in 2010q1 (from 3.2% in 2009q4), this short note provides a brief analysis of the implications for GDP growth in calendar 2010 as well as for the South African Government’s Budget Review growth forecast.

The Optimal Design of Sovereign Wealth Funds

Jamus Lim's picture

Although much of the news flow regarding oil in recent days has focused on the terrible environmental tragedy off the Gulf of Mexico, another oil-related story has occupied the minds of many market analysts: that of rising oil prices, along with the overall increase in the prices of a whole host of commodities, as the global recovery has taken hold.

American Perso-national Financial Statements

Israel Osorio Rodarte's picture

Think about your family. Think about your work, your earnings, debts, credit cards, your children's education, your retirement and the unforgettable taxes. Now, imagine just for just a few moments that you have just received a sealed envelope from your Congressman working at Capitol Hill. Inside this envelope there is a letter: "CONGRATULATIONS! This is your New Citizen Account Bill (PDF) with the Federal Government of the United States." Immediately the letter will tell you very good news.

Why Global Coordination is Falling Short and Why We Should Be Worried

Merrell Tuck-Primdahl's picture

Lackluster global coordination, relatively weak international responses to the worldwide financial crisis, persistent problems of over-capacity, and the likely decimation of peasant agriculture in countries with huge populations to feed are all factors largely overlooked by most economists and policymakers. Giving these issues short shrift could ultimately lead us into a double dip recession, warned a diverse panel of experts who spoke on March 25 at Columbia University.

Do Taylor Rule Deviations Contribute to Asset Bubbles?

Jamus Lim's picture

The notion that systematic Taylor rule deviations has a role to play in the real estate bubble in the United States is an issue that has been rigorously debated---see John Taylor (PDF) and Marco del Negro and Christopher Otrok for opposing views---but broader evidence at the cross-country level is relatively scarce.

GEP2010 on the road

Rebecca Ong's picture

The Global Economic Prospects 2010 dissemination mission continues this week to Berlin, Madrid, Beijing, Hanoi, and Jakarta. Next stops: New Delhi, Ankara, Warsaw, and Moscow.

As the report authors met with policy makers, economists, think tanks, and journalists discussing the state of the global economy and its impact on developing countries (especially how to deal with tight international financing that could limit growth), the ensuing news coverage mirror the particular concerns of each country.

Pages