International Economic Update

Euro-Area Uncertainty Hurts Global Growth—The global economy is expected to slow. The Organization for Economic Cooperation and Development estimates in its January Economic Outlook that world gross domestic product (GDP) will grow 3.4 percent in 2012, following growth of 3.8 percent in 2011. This is down from 5 percent growth in 2010. Read more off-site

New Working Papers

Financial Markets Forecasts Revisited: Are they Rational, Herding or Bold? —Working Paper No. 106—Ippei Fujiwara, Hibiki Ichiue, Yoshiyuki Nakazono and Yosuke Shigemi

Bayesian Estimation of NOEM Models: Identification and Inference in Small Samples —Working Paper No. 105— Enrique Martínez-García, Diego Vilán and Mark Wynne

Optimal Monetary Policy in a Two Country Model with Firm-Level Heterogeneity—Working Paper No. 104—by Dudley Cooke

Director of the Institute

Mark A. Wynne

Senior Fellows

Marianne Baxter
Michael Bordo
W. Michael Cox
Mario Crucini
Michael B. Devereux
Charles Engel
Karen Lewis
Francis E. Warnock

Advisory Board

Charles Bean
Martin Feldstein
R. Glenn Hubbard
Otmar Issing
Heng Swee Keat
Horst Kohler
Finn Kydland
Guillermo Ortiz
Kenneth S. Rogoff
Masaaki Shirakawa
William White

Institute Research Economists

Scott Davis
Anthony Landry
Enrique Martinez-Garcia
Jian Wang

Advisory Board Chairman

John B. Taylor

Research Associates

Raphael Auer
Chikako Baba
Pierpaolo Benigno
Martin Berka
Saroj Bhattarai
Claudio Borio
Alessandro Calza
Dudley Cooke
Peter Egger
Ester Faia
Rasmus Fatum
Andrew Filardo
Andreas Fischer
Marcel Fratzscher
Ippei Fujiwara
Bill Gruben
Sophie Guilloux
Ping He
Erasmus Kersting
Enisse Kharroubi
Mina Kim
Robert Kollmann
Julien Martin
Fabio Milani
Philippe Moutot
Dimitra Petropoulou
Attila Rátfai
Kim Ruhl
Katheryn Russ
Filipa Sa
Raphael Schoenle
Etsuro Shioji
Shigenori Shiratsuka
Ina Simonovska
Jens Søndergaard
Cédric Tille
Kozo Ueda
Giovanni Vitale
Tomasz Wieladek
Hakan Yilmazkuday
Jianfeng Yu
Yu Yuan