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Volume 17, Number 1: January - March 2016

The Digital Revolution – New Challenges for National Accounting?

  The Digital Revolution – New Challenges for National Accounting? 
The digital revolution has changed many industries, but measuring these changes from a national accounting perspective causes problems...
Measuring Financial Inclusion using Multidimensional Data
  Measuring Financial Inclusion using Multidimensional Data
The author notes that the lack of a financially inclusive system is a major concern not only for developing and low-income economies, but for many developed and high-income countries.
Dissecting China’s Property Market Data
  Dissecting China’s Property Market Data
This paper analyses Chinese property market data to evaluate recent trends in the market and to make prognoses for the future.


The Indian Economy: From Growth to Stagflation to Liberal Reform

  The Indian Economy: From Growth to Stagflation to Liberal Reform
A review that considers the optimistic scenario that India was on a high growth path and would follow China’s path with a lag (as its reforms started in 1991 compared with China’s in 1980) which would produce an economic miracle.
Youth Employment Crisis in India

  Youth Employment Crisis in India
A comparison of two regional economic communities – the East African Community (EAC) and the Southern Africa Customs Union (SACU) – suggests that deeper intra-regional, and in particular intra-industry, trade ties have contributed to the EAC’s resilience to external output shocks.
How Managerial Incentives Affect Economic Performance

  How Managerial Incentives Affect the Economy 
The impact of managerial incentive structures on corporate behaviour has been a neglected area of economics. New theoretical work by Nobel Prize winning economist Jean Tirole demonstrates that ‘bonus culture’ managerial incentive systems can increase inequality while lowering investment, work ethics and welfare.
Fiscal Policy and the Global Crisis

  Fiscal Policy and the Global Crisis
Up until the global economic crisis at the end of the 2000s an eclectic approach to fiscal policy seemed to have emerged from the long-standing debates that there had been about it...

Volume 16, Number 4: October - December 2015

Latin America: From Recovery To Slowdown

  Latin America: From Recovery To Slowdown 
A discussion of the main factors that explain why growth has been declining in Latin America. There are cyclical reasons, and, as should have been expected, after rapid recovery, a deceleration should follow. In addition, the evidence would support that potential output growth...
Yin Yang Oil Prices and the Rise of African Economies: Policy Implications   Yin Yang Oil Prices and the Rise of African Economies: Policy Implications
African oil importers are seeing dramatically lower oil import bills, but most have economies that are not energy-intensive enough to benefit greatly from the oil price change...
Risk Exposures in International and Sectoral Balance Sheet Data
  Risk Exposures in International and Sectoral Balance Sheet Data
This paper outlines the opportunities and pitfalls for risk analysts in interpreting the information embedded in international and sectoral balance sheets.
International Liquidity Management Since the Financial Crisis

  International Liquidity Management Since the Financial Crisis
This article notes that since the Bretton Woods system collapsed in 1971 it was expected that the demand for international reserves would diminish, since countries were no longer obliged to sell foreign currencies in case of need to support their own currencies in foreign exchange markets.
To Establish a Balanced Multi-currency International

  To Establish a Balanced Multi-currency International Reserve System
The dollar’s important role in the global economy is inevitably contradictory with its role as a sovereign currency. The paper looks at proposals to solve this contradiction?
Has Excessive Public Debt Slowed World Growth?

  Has Public Debt Slowed World Growth?
This paper contends that worldwide fiscal excess, as embodied in heightened public debt levels, is central to understanding why global growth has been sub-optimal since the transatlantic crisis.
Offshoring and the Labour Share in Germany and US

  Offshoring and Labour Share in Germany and US
The authors focus on the effect of offshoring on the labour share in value added. Regression analysis for a sample of 14 OECD countries in 21 manufacturing sectors covering the period 1995 to 2008...





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