 | Optimal Prudential Regulation of Banks and the Political Economy of Supervision Author/Editor: Thierry Tressel, Thierry Verdier. Release Date:May, 2014 We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low interest rates may generate excessive more...
| Price: $18.00
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 | Obstacles to International Policy Coordination, and How to Overcome Them Author/Editor: Jonathan David Ostry, Atish R Ghosh. Release Date:December, 2013 In bilateral and multilateral surveillance, countries are often urged to consider alternative policies that would result in superior outcomes for the country itself and, perhaps serendipitously, for more...
| Price: $10.00
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| Outlook for Interest Rates and Japanese Banks Risk Exposures under Abenomics Author/Editor: Serkan Arslanalp, Raphael W Lam. Release Date:October, 2013 This paper examines how Japan’s long-term interest rates and Japanese banks’ interest rate risk exposures may evolve under Abenomics. Results from a panel regression analysis for major advanced more...
| Price: $18.00
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| Options and Strategies for Fiscal Consolidation in India Author/Editor: Sampawende J -A Tapsoba. Release Date:May, 2013 The paper uses a multi-region DSGE model to quantify the macroeconomic implications ofthree adjustment scenarios for India: growth-friendly, social-friendly, and a benchmark casecentered on bringing more...
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 | Outward Foreign Direct Investment and Domestic Investment: the Case of Developing Countries Author/Editor: Ali J Al-sadiq. Release Date:February, 2013 Over the past two decades, the growth rate of outward foreign direct investment (FDI) from developing and transition economies has increased significantly. Given the role of physical capital more...
| Price: $18.00
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| Okun's Law: Fit at 50? Author/Editor: Laurence M Ball, Daniel Leigh, Prakash Loungani. Release Date:January, 2013 This paper asks how well Okun’s Law fits short-run unemployment movements in the United States since 1948 and in twenty advanced economies since 1980. We find that Okun’s Law isa strong and more...
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| On the Sources and Consequences of Oil Price Shocks: the Role of Storage Author/Editor: Deren Unalmis, Ibrahim Unalmis, D Filiz Unsal. Release Date:November, 2012 Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally more...
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| Oil and the World Economy: Some Possible Futures Author/Editor: Michael Kumhof, Dirk Muir. Release Date:October, 2012 This paper, using a six-region DSGE model of the world economy, assesses the GDP and current account implications of permanent oil supply shocks hitting the world economy at an unspecified future more...
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 | Oil Wealth in Central Africa : Policies for Inclusive Growth Author/Editor: Bernardin Akitoby, Sharmini Coorey. Release Date:August, 2012 Despite its vast oil wealth, central Africa still struggles to sustain strong, inclusive economic growth and to generate sufficient employment opportunities, particularly for its fast-growing youth more...
| Price: $25.00
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| On Price Stability and Welfare Author/Editor: Etienne B. Yehoue. Release Date:July, 2012 The financial crisis in the advanced countries that began in 2007 has led central bankers to adopt unconventional policy measures as policy interest rates neared the zero bound. One suggestion more...
| Price: $18.00
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