The paper studies the effect of foreign exchange intervention on the level of the exchange
rate relying on an instrumental-variable panel approach suited to assess the …

The ongoing demographic changes will bring about a substantial shift in the size and the
age composition of the population, which will have significant impact on the global economy …

In this paper, we investigate whether changes in income distribution can explain current
account developments in a sample of 20 countries for the period 1972–2007. We analyze …

This article revisits the macroeconomic foundations and political economy of national growth
models. It argues that the neo-Kaleckian model, which inspired the emergent growth model …

We run an exchange rate forecasting “horse race”, which highlights that three principles
hold. First, forecasts should not replicate the high volatility of exchange rates observed in …

Abstract Building upon a Behavioural Equilibrium Exchange Rate model, estimated at a
quarterly frequency since 1999 on a broad sample of 57 countries, this paper assesses both …

We re-appraise the cross-country evidence on the dollarization of financial systems in
emerging market economies. Amidst striking heterogeneity of patterns across regions, we …

This paper presents new evidence on the behavior of saving in the world, by extending
previous empirical research in several dimensions. After extensively surveying the relevant …

This article proposes a comparative political economy framework for analyzing the links
between varieties of capitalism (VoC) and growth models, with a focus on the role of income …

This article explores the political economy of Islamic banking by examining the impact of
political regime types, institutional environment, government and political risk on the …