How many nights have you found yourself lying awake, with worries piling up like papers on a desk, wondering how much more you can handle? I know the feeling all too well. There was a time when I ...

In this paper, I draw a parallel between the stability of physical systems and that of economic ones, such as the US financial system. I argue that the use of equilibrium assumptions is central to the ...

Economics is split between analysis of how the overall economy works and how single markets function Physicists look at the big world of planets, stars, galaxies, and gravity. But they also study the ...

The work of the newly minted Nobel laureates lies at the heart of many of the burning debates at present. Should governments ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Updated estimates of real equilibrium interest rates in the euro area, derived from eight prominent methodologies proposed ...