Alistair Dieppe

TL;DR: The COVID-19 pandemic has dealt a heavy blow to an already weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support.

TL;DR: The Bayesian Estimation, Analysis and Regression toolbox (BEAR) as discussed by the authors is a MATLAB-based toolbox for forecasting and policy analysis, which includes state-of-the-art applications such as sign and magnitude restrictions, conditional forecasts, Bayesian forecast evaluation measures, etc.

TL;DR: This article investigated the importance of evaluating model and parameter uncertainty prior to reaching any firm conclusion on current account imbalances and concluded that the chance that current accounts were aligned with fundamentals prior to the financial crisis appears to be minimal.

TL;DR: In this paper, the authors review three different concepts of equilibrium exchange rates that are widely used in policy analysis and constitute the backbone of the IMF CGER assessment: the Macroeconomic Balance, the External Sustainability and the reduced form approaches.

TL;DR: In this article, two competing approaches for calculating current account benchmarks, i.e. the external sustainability approach a la Lane and Milesi-Ferretti (LM) versus the structural current accounts literature (SCA) based on panel econometric techniques, are compared.