Pavle Petrovic is a professor of Economics at the University of Belgrade, and the editor of Quarterly Monitor. His main interest is international macroeconomics. He has published in, and refereed for, international journals such as: the Journal of Money, Credit and Banking, the Journal of Development Economics, the Journal ofComparative Economics, the Journal of Macroeconomics, Cambridge Journal of Economics and the European Journal of Political Economy. He was a visiting fellow at Harvard, Princeton and Cornell universities. He was previously President of the Council of the National Bank of Serbia, and assistant finance minister. He is co-founder and director of CES Mecon, a think-tank, where he has led projects on macro-stabilisation and reforms in transition.