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The Economics of Demographics provides a detailed look at how the biggest demographic upheaval in...

Knightian uncertainty (ambiguity) implies presence of uninsurable risks. Institutional quality...

Noteworthy among the six papers appearing in this latest issue of the IMF's peer-reviewed journal...

Using the IMF's Global Economic Model, calibrated to the European Union, the effects of reform in...

The increasing ability to trade credit risk in financial markets has facilitated its dispersion...

This paper finds that systematic default risk, or the event of widespread defaults in the...