The New Trilemma of Macroeconomic Policy: Future Policy Responses

Le 3 octobre 2016, la Turquie a déposé une plainte contre le Maroc devant l’Organisation Mondiale du Commerce (OMC) au sujet des mesures antidumping appliquées par le Maroc contre les exportations turques en Acier laminé à chaud.1 Suite à l’échec des consultations entre les deux pays, la Turquie a demandé, le 12 janvier 2017, l’établissement d’un groupe spécial pour examiner la conformité des mesures prises par le Maroc avec le droit de l’OMC. Demande qui marque le passage du litige ...

“The Nightmare we feared has arrived” Death was late because the departure time of the plane was delayed. But death arrived- six minutes after takeoff from Tehran’s “Imam Khomeini International Airport. It was still dark, 6.12 hours’ local time, when flight 752 of “Ukraine International Airlines” took course toward Kyiv, the Ukraine capital three hours and fourty two minutes away. The Boeing 737 800 NG had reached 2400 meters, when the American military’s “Space Based Infrared Syst ...

Le principal objectif de ce document est d’aborder une question importante qui découle de l’interaction entre une participation accrue au commerce international, aux marchés du travail et l’inégalité de genre, à savoir l’impact de la libéralisation du commerce sur l’accès des femmes aux emplois salariés dans le secteur non agricole. Nous abordons empiriquement cette question en effectuant des estimations à effets fixes et par MMG sur des données de panel obtenues dans un grand nombr ...

The main goal of this paper is to address an important question that arises from the interaction between increased participation in international trade, labor markets, and gender inequality; namely, the impact of trade liberalization on women’s access to wage employment in the non-agricultural sector. We empirically address this question by performing fixedeffects and GMM estimations on panel data from a large group of developing economies, and tracing the impact of trade on women’s ...

Once the traditional Western year-end celebrations are concluded, understanding some of the changes that will take place in this new decade of the 21st century become essential. The expression 20/20 is used in ophthalmology to reflect acuity in vision. Perhaps no time in recent history has required more acuity in long term vision and perspective regarding the significant changes to occur in the 21st century. There is no doubt: the 21st century will be the Asian century. The 2020 de ...

The hike in tariffs imposed by the United States against its major trading partners since early 2018 has been unprecedented in recent history. President Trump alluded to, among others, the goal of revitalizing jobs in the country’s manufacturing industry by protecting it from unfair trade practices of other countries, particularly China. However, according to a study by two Federal Reserve Bank staff – Aaron Flaaen and Justin Pierce – released last December 23, the effect so far has ...

Since its EU accession, Poland has invested strongly in the development of fast road transport network. As a result, the total length of modern, high-speed roads has increased from around 500 km in 2005 to over 3000 km in 2015. Yet, while the positive impact of transport infrastructure investment on overall accessibility is unquestionable there are no studies that assess its influence on economic development of particular regions. This paper applies a regional dynamic CGE model to m ...

Depuis 2000, selon une approche et un calendrier qui ont été maintes fois modifiés, les 15 membres de la Communauté Économique des États de l’Afrique de l’Ouest (CEDEAO) ont exprimé leur volonté d’accélérer le processus d’intégration monétaire dans la région. Le récent débat autour de la Zone franc et sa réforme, désormais décidée avec la France, mais également l’enthousiasme manifesté autour de la création de la Zone de libre-échange continentale (ZLEAf) formellement créée le 30 ma ...

She was 31 years old and had just set up the New Work Lab, a coworking and start-up accelerator space, in Morocco in 2013, when she was selected as one of the Atlantic Dialogues Emerging Leaders. Fatim Zahra Biaz already had an extensive professional background, which reflected her quest for meaning in work: a graduate of Edec, a business school in Lille, she had worked in Paris in "change management" consulting. "I couldn't sense the impact I was looking for in my work, be it econ ...

In September 2018, President Nana Akufo-Addo of Ghana, declared 2019 “The Year of Return” for African descendants’ travel to Ghana, symbolizing 400 years since the first enslaved African arrived in Jamestown, Virginia in 1619. His announcement garnered positive reactions from the African American community in the United States and served to further inculcate linkages between Africans and their Diasporan counterparts. President Akufo-Addo follows a rich history of pan-Africanism on t ...