This report highlights the exacerbating fiscal imbalances and potentially stifling economic growth and points out the urgent need for sustainable fiscal policies to mitigate long-term risks.

This report examines the implications of the Covid-19 pandemic and the war in Ukraine for the international economic and financial order.

In the wake of Brexit and Trump trade war, central banks face the need to reconsider the role of monetary policy in managing the inflationary-recessionary effects of hikes in tariffs. Using a New...

Monetary policy shocks impact economy with variable short and long lags. Consumption reacts fast but fluctuates, sales drop deeper, and employment falls consistently. Low-frequency data hides short...

How should monetary policy respond to capital inflows that appreciate the currency, widen the current account deficit and cause domestic overheating? Using the workhorse open-macro monetary model,...