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In a sample of 128 countries, we identify 25 episodes of large nominal and real appreciations shocks and study their macroeconomic effects in a dummy-augmented panel autoregressive model. Results show that an exchange rate appreciation can have strong effects on current account balances.
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The G20 helped steer the world through the worst of the economic storm; now it must show it can set in motion a new governance for the post-crisis world. That's a task our organisation stands ready to help with, says the OECD's G20 Sherpa, Gabriela Ramos.
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Presentation of key policy lessons
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Taking Context as a Starting Point
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The Haiti earthquake humanitarian response has generated a sizeable evaluative effort, not unlike that following the Indian Ocean tsunami of December 2004.
Korean, , 12,245kb
Korean version of the DAC Glossary of Key Terms in Evaluation and Results Based Management.