FREE Policy Brief

Financing for Development: Two Years after Addis

Anders Olofsgård, SITE

FREE Policy Brief

“New Goods” Trade in the Baltics

Julián P. Díaz, Quinlan School of Business
Sang-Wook (Stanley) Cho, University of New South Wales

FREE Policy Brief

Independent Media and Contemporary Military Doctrines

Ekaterina Zhuravskaya, Paris School of Economics

FREE Policy Brief

Cross-Country Differences in Convergence in CESEE

By Bas B. Bakker, IMF
Krzysztof Krogulski, IMF

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Monetary Policy Puzzle in the Presence of a Negative TFP Shock and Unstable Expectations

Dzmitry Kruk, BEROC

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And the Lights Went Out – Measuring the Economic Situation in Eastern Ukraine

This policy brief assesses the economic situation in the war-affected East of Ukraine. Given that official statistics are not available, we use changes in nighttime light intensity, measured by satellites, to estimate to what extent the war has destroyed the economy, and whether any recovery...
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Effects of Trade Wars on Belarus

The trade wars following the 2014 events in Ukraine affected not only the directly involved participants, but also countries like Belarus that were affected through international trade linkages. According to my estimations based on a model outlined in Ossa (2014), these trade wars led to...
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Time to Worry about Illiquidity

At a time when central banks have injected unprecedented amounts of money, worrying about illiquidity may appear odd. However, if poorly understood and unaddressed, illiquidity could be the foundation of the next financial crisis. Market liquidity is defined as the ease of trading a financial...
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