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We find nonlinear feedback between the stock market and certain macroeconomic factors. This...

This paper presents perhaps the most viable approach for the design of an instrument of...

IMF Research Perspectives Spring-Summer 2020

With the rapid growth of countries' foreign asset and liability positions over the last two...

This technical note focuses on the concept of a shadow economy and explains its main...

The 2007 subprime crisis in the U.S. triggered a succession of financial crises around the globe,...