We look at where export volumes out- or underperformed relative to fluctuations in the real exchange rate, controlling also for changes in global grow

Despite political woes, the reform drive regained force, improving macro prospects amid global tailwinds A sizable fiscal deficit remains the major ma

We expect an uptick in inflation in coming months, due to a normalization of the price path for specific PCE elements. The drivers behind this process

Long-awaited economic strategy plan limits its focus to the fiscal agenda. Kudrin argues that Russia must increase "productive" spending and limit the

We have shown that large movements in a handful of categories have thrown off inflation readings in the US and the Euro zone. We look for similar dist

Markets hunt down divergence trades Equity flows chase growth standouts Softer USD-lift for corporate earnings? U.S. debt ceiling-kicking the crisis d

We look more closely at the recent pick up in core inflation, and find that much of it can be explained by just three sectors, all related to tourism.

Cyber-attacks are growing rapidly in number, scope and sophistication and the financial sector has long been the largest target. This staff paper anal

Our estimates suggest that last year's failed coup attempt has reduced output by as much as 4%. The recovery has been very strong, however, mainly due

We update our assessment of the labor market following the latest round of data for August. ' We project the U-3 unemployment rate in a range of 4.0 -