Author/Editor: Enzo Croce, V Hugo Juan-Ramon, Feng Zhu.

Release Date:June, 2004

We study the performance of the four Western Hemisphere trading blocs during the period 1978-2001. For the North American Free Trade Agreement (NAFTA), trade integration outweighed trade diversion; more...

Author/Editor: Enzo Croce, V Hugo Juan-Ramon.

Release Date:July, 2003

To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt-to-GDP ratio, subject to a government reaction function that links convergence more...