Where is the global economy headed
Expert Take on Global Economy

The coordination of monetary and fiscal policy has spurred a rethinking of central banks' role - and could portend a new era of active and varied monetary policy.

The economic situation in the so-called Arab Awakening countries is deteriorating quickly, and the imperative for large-scale coordinated action is overwhelming.
The formation of the eurozone and a half-century of globalisation have rendered once-proven macroeconomic policies ineffective.
The IMF now recognizes that capital flows also bring risk, but its new position on capital controls does not go far enough, says Kevin P. Gallagher.
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