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Leaning Against the Wind: Macroprudential Policy in Asia

Author/Editor: Longmei Zhang, Edda Zoli.

Release Date:February, 2014

In recent years, macroprudential policy has become an increasingly active policy area. Many countries have adopted it as a tool to safeguard financial stability, in particular to deal with the credit more...



Price: $18.00
Lao People's Democratic Republic: Staff Report for the 2013 Article IV Consultation

Release Date:December, 2013

KEY ISSUESEconomic context. Growth was strong in 2012, and the economy is overheating fromexpansionary macroeconomic policies. The current account deficit has deterioratedsignificantly, a product of more...



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Liberia: Second Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criteria and Modification of a Performance Criteria

Release Date:December, 2013

KEY ISSUES Context: Real GDP growth is projected to remain robust at 8.1 percent in 2013, led bymining, construction, and services. Inflation should reach 8.5 percent in December (y/y)due to higher more...



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Local Government Financing Platforms in China : A Fortune or Misfortune?

Author/Editor: Yinqiu Lu, Tao Sun.

Release Date:December, 2013

China’s rapid credit expansion in 2009–10 brought local government financing platforms (LGFPs) into the spotlight. This paper discusses their function, reasons behind their recent expansion, and more...



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Labor Force Participation and Monetary Policy in the Wake of the Great Recession

Author/Editor: Christopher J Erceg, Andrew Levin.

Release Date:December, 2013

In this paper, we provide compelling evidence that cyclical factors account for the bulk of thepost-2007 decline in the U.S. labor force participation rate. We then proceed to formulate astylized New more...



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Liberia: First Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of a Performance Criterion and Modification of Performance Criteria

Release Date:July, 2013



Price: $18.00
Libya: 2013 Article IV Consultation

Release Date:May, 2013



Price: $18.00
Libya: Selected Issues

Release Date:May, 2013



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Regional Economic Outlook, May 2013, Western Hemisphere : Time to Rebuild Policy Space

Release Date:May, 2013

Despite some global risks, external conditions for Latin America should remain stimulative. With monetary policy in advanced economies expected to stay accommodative, external financing conditions more...



Price: $35.00
"Leaning Against the Wind" and the Timing of Monetary Policy

Author/Editor: Itai Agur, Maria Demertzis.

Release Date:April, 2013

If monetary policy is to aim also at financial stability, how would it change? To analyze this question, this paper develops a general-form framework. Financial stability objectives are shown to make more...



Price: $18.00
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