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Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands

Author/Editor: Shanaka J. Peiris, Ding Ding.

Release Date: July, 2012

Price: $18.00

Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak more...



Estimating the Implicit Inflation Target of the South African Reserve Bank

Author/Editor: Nir Klein.

Release Date: July, 2012

Price: $18.00

This paper applies a state-space approach to estimate the implicit inflation target of the South African Reserve Bank (SARB) since the adoption of the Inflation Targeting (IT) framework. The paper's more...



The (Other) Deleveraging

Author/Editor: Manmohan Singh.

Release Date: July, 2012

Price: $18.00

Deleveraging has two components--shrinking of balance sheets due to increased haircuts/shedding of assets, and the reduction in the interconnectedness of the financial system. We focus on the second more...



Building Blocks for Effective Macroprudential Policies in Latin America: Institutional Considerations

Author/Editor: Luis Ignacio Jácome, Erlend Nier, Patrick A. Imam.

Release Date: July, 2012

Price: $18.00

An increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger more...



Great Recession and Fiscal Squeeze at U.S. Subnational Government Level

Author/Editor: Jiri Jonas.

Release Date: July, 2012

Price: $18.00

The paper discusses the fiscal impact of the Great Recession of 2007-08 on state and local governments in the United States. It documents the sharp decline in tax revenue and discusses how states more...



Accelerating And Sustaining Growth: Economic and Political Lessons

Author/Editor: Arvind Virmani.

Release Date: July, 2012

Price: $18.00

The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then more...



Fiscal Rules in Response to the Crisis - Toward the "Next-Generation" Rules. A New Dataset

Author/Editor: Andrea Schaechter, Tidiane Kinda, Nina Budina, Anke Weber.

Release Date: July, 2012

Price: $18.00

Strengthening fiscal frameworks, in particular fiscal rules, has emerged as a key response to the fiscal legacy of the crisis. This paper takes stock of fiscal rules in use around the world, compiles more...



On Price Stability and Welfare

Author/Editor: Etienne B. Yehoue.

Release Date: July, 2012

Price: $18.00

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...



Successful Austerity in the United States, Europe and Japan

Author/Editor: Nicoletta Batini, Giovanni Callegari, Giovanni Melina.

Release Date: July, 2012

Price: $18.00

The output effects of 2009 fiscal expansions have been hotly debated. But the discussion of fiscal multipliers is even more relevant now that several European countries have had to quickly retract more...



Lost in Transmission? The Effectiveness of Monetary Policy Transmission Channels in the GCC Countries

Author/Editor: Serhan Cevik, Katerina Teksoz.

Release Date: July, 2012

Price: $18.00

This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council (GCC) countries using a structural vector autoregressive model. The results more...



Inflation Dynamics in Mongolia: Understanding the Roller Coaster

Author/Editor: Steven Barnett, Julia Bersch, Yasuhisa Ojima.

Release Date: July, 2012

Price: $18.00

Inflation in Mongolia resembles a roller coaster ride with sharp rises and steep drops. Understanding why is critical for formulating and assessing monetary policy. Food prices are found to be a key more...



Solomon Islands: First Review Under the Standby Credit Facility and Request for Modification of Performance Criteria - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Solomon Islands.

Release Date: June, 2012

Price: $18.00

Income Inequality and Fiscal Policy

Author/Editor: David Coady, Sanjeev Gupta.

Release Date: June, 2012

Price: $10.00

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are more...



Sweden: Staff Report for the 2012 Article IV Consultation

Release Date: June, 2012

Price: $18.00

Sweden: Selected Issues

Release Date: June, 2012

Price: $18.00

Republic of Armenia: Fourth Reviews Under the Extended Fund Facility and Extended Credit Facility - Staff Report; Informational Annex; Press Release on the Executive Board Discussion.

Release Date: June, 2012

Price: $18.00

Rwanda : Fourth Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria: Staff Report; Press Release

Release Date: June, 2012

Price: $18.00

The Rwandan economy continued to grow strongly in 2011, and significant progress in poverty reduction has been achieved. The Fourth Review Under the Policy Support Instrument (PSI) highlights that more...



Kuwait: Selected Issues and Statistical Appendix

Release Date: June, 2012

Price: $18.00

Fostering Growth in Europe Now

Author/Editor: Bergljot Barkbu, Jesmin Rahman, Rodrigo O. Valdes.

Release Date: June, 2012

Price: $10.00

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are more...



Bolivia: Staff Report for the 2012 Article IV Consultation

Release Date: June, 2012

Price: $18.00

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