The IMF has just published chapters 3 and 4 of the September 2011 World Economic Outlook, titled “Slowing Growth, Rising Risks.”
Chapter 3, “Target What You Can Hit: Commodity Price Swings and Monetary Policy,” examines the inflationary effects of commodity price movements and the appropriate monetary policy response.
Chapter 4, “Separated at Birth? The Twin Budget and Trade Balances,” argues that fiscal adjustment will be one of the dominant forces shaping the global economy in the coming years.
Access Chapter 3 here.
Access Chapter 4 here.