Marga Peeters is Research Fellow at the Netherlands Institute for Advanced Study (NIAS) of the Royal Netherlands Academy of Arts and Sciences (KNAW) in Wassenaar. Her research interests are in public and international finances, monetary policy, labour markets and applied econometrics. She published recently on the demographic pressure in Egypt, the impact of food prices on government balances in developing economies, and the changing international trade patterns in oil-exporting countries. Her policy and research experiences are gained from the European Commission and the IMF, Central Banks (of Albania, the Netherlands and Spain) and universities (Warwick, Louvain- La-Neuve, Maastricht and Tilburg).