Forty years ago, Marcus Fleming and Robert Mundell developed independent models of macroeconomic policy in open economies. Why do we link the two, and why do we

This paper examines sources of economic growth in East Asia. The conventional growth-accounting approach to estimating the sources of economic growth requires u

This special issue brings together world-renowned experts to provide a systematic and critical analysis of the costs and benefits of financial globalization. Co

The paper discusses a model in which growth is a negative function of fiscal burden. Moreover, growth discontinuously switches from high to low as the fiscal bu

This publication brings together a set of IMF papers that prepared as backgrounds for the various sessions of the conference and will help put into broader diss