China and Saudi Arabia are key members of the so-called "Dollar block." Both have in recent years experienced large declines in official reserves. In
We expect China's CPI to be slightly higher, yet still contained in 2018, "¦ "¦ thanks to limited pass-through from PPI and slower growth of the money
Increasing share of non-residents makes the sovereign bond market more sensitive to investors' sentiment. A lower yield curve and abundant domestic li
Despite enormous effort and investments from the financial and public sectors to detect and counter money laundering, illicit flows in the financial s
Red states are falling behind blue states in the jobs boom. But the divide between red and blue states goes deeper than just job creation. We develop
NAFTA gave a big push to trade and financial integration, favorably affecting Mexico Uncertainty over a possible reversal could weigh on growth, leadi
Phillips curve estimation suggests that supply-side effects explained the core inflation decline. A stronger ruble contributed to lower inflation and
The government has taken advantage of increased political capital to push for needed structural changes Relying on a gradual policy approach, producti
We have shown that red states are falling behind blue states in the jobs recovery. We examine three possible drivers: (i) demographics; (ii) opioids;
We compare the US labor force participation rate to other G10 economies. The decline in the US participation rate is a clear outlier, especially wh