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Letter from the Editor

Letters to the Editor

Mindset adjustment; Macroeconomists, you call them?; Taylor's success; Leveraged investing at root of crisis

In Brief

Spending on the MDGs; Power in the wind.

People in Economics

Rise of the Undaunted Empiricist

Simon Willson
Profile of Beatrice Weder di Mauro, the first woman on Germany's Council of Economic Experts.

Picture This

Economic Forecasts: Hard to Rely On?

Prakash Loungani and Jair Rodriguez
Forecasters often fall short in predicting a country's growth path, particularly around turning points in economic activity.

Back to Basics

What Is Securitization?

Andreas Jobst
Examines the pooling of assets so that they can be repackaged into interest-bearing securities.

Book Reviews

Reputation and International Cooperation: Sovereign Debt across Three Centuries, Michael Tomz

Decline to Fall: The Making of British Macro-Economic Policy and the 1976 IMF Crisis, Douglas Wass

Argentina: An Economic Chronicle: How One of the Richest Countries in the World Lost Its Wealth, Vito Tanzi

Straight Talk

Emerging Markets Emerge

Simon Johnson
Emerging markets are now a key determinant of global growth. This is good news and a potential problem.

Country Focus


Greater international integration enabled Vietnam to grow rapidly but has also led to overheating of the economy.

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