 | Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework Author/Editor: Jaromir Benes, Andrew Berg, Rafael A Portillo, David Vavra. Release Date:January, 2013 We study a wide range of hybrid inflation-targeting (IT) and managed exchange rate regimes, analyzing their implications for inflation, output and the exchange rate in the presence of various more...
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| A Modern History of Fiscal Prudence and Profligacy Author/Editor: Paolo Mauro, Rafael Romeu, Ariel J Binder, Asad Zaman. Release Date:January, 2013 We draw on a newly collected historical dataset of fiscal variables for a large panel of countries—to our knowledge, the most comprehensive database currently available—to gauge the degree of more...
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 | Growth Forecast Errors and Fiscal Multipliers Author/Editor: Olivier J Blanchard, Daniel Leigh. Release Date:January, 2013 This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has more...
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| Issues in Extractive Resource Taxation: A Review of Research Methods and Models Author/Editor: James L Smith. Release Date:December, 2012 This paper provides a conceptual overview of economists’ attempts to learn about the effects of taxes on extractive resources. The emphasis is on research methods and techniques, with no attempt to more...
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| Fiscal Multipliers and the State of the Economy Author/Editor: Anja Baum, Marcos Poplawski-Ribeiro, Anke Weber. Release Date:December, 2012 Only a few empirical studies have analyzed the relationship between fiscal multipliers and the underlying state of the economy. This paper investigates this link on a country-by-country basis for the more...
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| Pension Reforms in Japan Author/Editor: Kenichiro Kashiwase, Masahiro Nozaki, Kiichi Tokuoka. Release Date:December, 2012 This paper analyzes various reform options for Japan’s public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility more...
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| Striking an Appropriate Balance Among Public Investment, Growth, and Debt Sustainability in Cape Verde Author/Editor: Yibin Mu. Release Date:November, 2012 Despite relatively fast economic growth over the past few years, Cape Verde’s public debt to GDP ratio has risenrapidly. Achieving an appropriate balance among public investment, growth, and debt more...
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| Shock Therapy! What Role for Thai Monetary Policy? Author/Editor: Harun Alp, Selim Elekdag. Release Date:November, 2012 Thailand had to endure three major shocks during 2008–2011: the global financial crisis, the Japanese earthquake, and the Thai floods of 2011. Over this period, consistent with its inflation more...
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| Social Spending in Korea Author/Editor: Selim Elekdag. Release Date:October, 2012 Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a more...
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| Financing Growth in the WAEMU Through the Regional Securities Market: Past Successes and Current Challenges Author/Editor: Mame Astou Diouf, Francois Boutin-Dufresne. Release Date:October, 2012 The West African Economic and Monetary Union (WAEMU) regional securities market saw increasing activity in the last decade, but still fell short of supplying sufficient long-term financing for more...
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 | World Economic Outlook, October 2012 : Coping with High Debt and Sluggish Growth Release Date:October, 2012 The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the fiscal cliff facing U.S. policymakers. more...
| Price: $68.00
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| Tests of German Resilience Author/Editor: Fabian Bornhorst, Ashoka Mody. Release Date:October, 2012 From its early post-war catch-up phase, Germany’s formidable export engine has been its consistent driver of growth. But Germany has almost equally consistently run current account surpluses. more...
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 | Income Inequality and Fiscal Policy (2nd Edition) Author/Editor: Francesca Bastagli, David Coady, Sanjeev Gupta. Release Date:September, 2012 This note will describe recent trends in income inequality in both advanced and developing economies and how tax and expenditure policies have impacted on these trends. It will discuss how tax and more...
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| Annual Report on Exchange Arrangements and Exchange Restrictions 2012 Release Date:September, 2012 Published since 1950, this authoritative annual reference is based on a unique IMF database that tracks exchange and trade arrangements for 187 IMF member countries, along with Hong Kong SAR, Aruba, more...
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| Chile: 2012 Article IV Consultation Release Date:September, 2012
| Price: $18.00
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 | Ireland : 2012 Article IV and Seventh Review Under the Extended Arrangement-Staff Report; Informational Annex, Staff Supplement; and Public Information Notice Release Date:September, 2012 The 2012 Article IV Report on Ireland’s economy under the Extended Arrangement analyzes the banking crisis and Irish authorities’ steadfast efforts to restore stability. Public debt has been more...
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| Seychelles: Fifth Review Under the Extended Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review - Staff Report; Press Release on the completion of the Review. Release Date:September, 2012
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| Nicaragua:2012 Article IV Consultation Release Date:September, 2012 This paper is an overview of Nicaragua's performance in the year 2011. The year 2012 is expected to face a recession and a moderation in the global oil prices. The tax revenue collections will be more...
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| Nicaragua: Ex Post Assessment of Longer-Term Program Engagement Release Date:September, 2012
| Price: $18.00
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| Tunisia: 2012 Article IV Consultation; Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia : 2012 Article IV Consultation; Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia Release Date:September, 2012 This 2012 Article IV Consultation highlights that Tunisia experienced a severe recession in 2011 amid domestic and regional turmoil. Real GDP contracted by 1.8 percent, reflecting a sharp decline in more...
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