March 2014:
EUROPE’S UNION,
STEP BY STEP
Whither the Euro?
Kevin
Hjortshøj O’Rourke
Historians may wonder how it came to
be introduced in the first place
Tectonic Shifts
Nicolas
Véron
Banking union is a long-term process
that will profoundly reshape
Europe’s financial system
A Long Shadow over Growth
Helge Berger
and Martin Schindler
Conquering unemployment and boosting
growth is the number one priority in
Europe today
Also in This Issue
The Dollar Reigns Supreme, by Default
Eswar Prasad
International currency arrangements
have come under scrutiny in the
aftermath of the global financial
crisis
Harbingers of Recessions
John C.
Bluedorn, Jörg W. Decressin, and
Marco E. Terrones
Changes in asset prices are good
predictors of economic downturns
Man versus Mother Nature
Nicole
Laframboise and Sebastian Acevedo
In the battle against natural
disasters, forward-thinking
macroeconomic policy can help
countries prepare for and mitigate
the eventual blow
Aid and Oil
Rabah Arezki
and Ritwik Banerjee
Growing numbers of large oil
discoveries in low-income countries
could reduce the need for foreign
aid
Chained Value
Michele Ruta
and Mika Saito
The growth of multicountry
manufacturing is changing how the
world’s income and growth are
generated
DEPARTMENTS
From the Editor
In Brief
Feeding 9 billion by 2050
Time for a sea change
No cause for complacency
New “school tool”
Smart transport
Africa’s youth need skills boost
Events in 2014
People in Economics
The Queen of Numbers
Jeremy Clift profiles Lucrezia Reichlin, a pioneer in real-time short-term forecasting
Back to Basics
What Is Monetarism?
Sarwat Jahan and
Chris Papageorgiou
Its emphasis on money’s importance gained
sway in the 1970s
Book Reviews
GDP: A Brief but Affectionate History, Diane Coyle