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	Macrofinancial Modeling at Central Banks: Recent Developments and Future Directions Author/Editor: Scott Roger, Jan Vlcek. Release Date: January, 2012 Price: $18.00 This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of more...
	Treasury Bills and/or Central Bank Bills for Absorbing Surplus Liquidity: The Main Considerations Author/Editor: Obert Nyawata. Release Date: January, 2012 Price: $18.00 This paper discusses the challenging question of whether central banks should use treasury bills or central bank bills for draining excess liquidity in the banking system. While recognizing that more...
	Can Emerging Market Central Banks Bail Out Banks? A Cautionary Tale From Latin America Author/Editor: Luis I. Jacome H., Tahsin Saadi Sedik, Simon Townsend. Release Date: November, 2011 Price: $18.00 This paper investigates whether developing and emerging market countries can implement monetary policies similar to those used by advanced countries during the recent global crisis - injecting more...
	Monetary Policy and Risk-Premium Shocks in Hungary : Results from a Large Bayesian VAR Author/Editor: Adina Popescu, Alina Carare. Release Date: November, 2011 Price: $18.00 We document the transmission of monetary policy and risk-premium shocks in Hungary, by applying recent advances in the Bayesian estimation of large VAR models. The method allows extracting more...
	The Policy Interest-Rate Pass-Through in Central America Author/Editor: Stephanie Medina Cas, Alejandro Carrion-Menendez, Florencia Frantischek. Release Date: October, 2011 Price: $18.00 Several Central American (CADR) central banks with independent monetary policies have adopted policy interest rates as their main instrument to signal their monetary policy stances, often in the more...
	Improving the Monetary Policy Frameworks in Central America Author/Editor: Stephanie Medina Cas, Alejandro Carrion-Menendez, Florencia Frantischek. Release Date: October, 2011 Price: $18.00 Several Central American (CADR) countries with independent monetary policies are strengthening their monetary frameworks and some have implemented or are moving towards inflation targeting (IT) more...
	Russian Federation: Selected Issues Paper Release Date: September, 2011 Price: $18.00
	Sweden: Financial Sector Assessment Program Update - Detailed Assessment of Observance on CPPS Core Principles for Systemically Important Payment (RIX) Release Date: September, 2011 Price: $18.00
	Incorporating Financial Sector Risk Into Monetary Policy Models : Application to Chile Author/Editor: Leonardo Luna, Dale F. Gray, Jorge Restrepo, Carlos Garcia. Release Date: September, 2011 Price: $18.00 This paper builds a model of financial sector vulnerability and integrates it into a macroeconomic framework, typically used for monetary policy analysis. The main question to be answered with the more...
	Republic of Croatia: Selected Issues Paper Release Date: July, 2011 Price: $18.00
	Democratic Republic of the Congo: Second Review Under the Three-Year Arrangement Under the Extended Credit Facility and Financing Assurances Review�Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of the Congo Release Date: February, 2011 Price: $0.00
	Paraguay : Fourth Review Under the Stand-By Arrangement and Request for Reduction and Rephasing of Access: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay Release Date: June, 2008 Price: $18.00 The recent tightening of credit conditions in segments of mature financial markets abroad has not had an impact on Paraguay. The current mix of macroeconomic policies combined with favorable external more...
	Colombia : Selected Issues Release Date: January, 2008 Price: $18.00 This paper quantifies the dynamic effects of fiscal policy using a structural model, the Global Integrated Monetary and Fiscal Model (GIMF). The analysis finds that success of fiscal policy in more...
	Chile : Report on the Observance of Standards and Codes: Data Module, Response by the Authorities, and Detailed Assessment Using the Data Quality Assessment Framework (DQAF) Release Date: September, 2007 Price: $18.00 This Report on the Observance of Standards and Codes data module provides an assessment of Chile’s macroeconomic statistics against the Special Data Dissemination Standard (SDDS), complemented more...
	Solomon Islands : Tax Summary and Statistical Appendix Release Date: September, 2007 Price: $18.00 This paper presents the Tax Summary for the Solomon Islands. The paper discusses that normal business expenses are deductible against chargeable income. A $7,800 personal exemption applies to both more...
	Côte d'Ivoire : 2007 Article IV Consultation and Request for Emergency Post-Conflict Assistance-Staff Report; Staff Statement; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; Release Date: September, 2007 Price: $18.00 This 2007 Article IV Consultation highlights that Côte d’Ivoire’s crisis has taken a heavy toll on growth and social conditions. Per capita income fell by one-sixth, poverty rose, more...
	Iraq : 2007 Article IV Consultation, Fifth Review Under the Stand-By Arrangement, Financing Assurances Review, and Requests for Extension of the Arrangement, Waiver of Applicability, and Waivers for Nonobservance of Performance Criteria: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq Release Date: August, 2007 Price: $18.00 This 2007 Article IV Consultation highlights that Iraq’s economic growth has been slower than expected at the time of the last Article IV Consultation, mainly because the expected expansion of more...
	Former Yugoslav Republic of Macedonia : Second Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria and Rephasing of the Program: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the former Yugoslav Republic of Macedonia Release Date: July, 2007 Price: $18.00 This paper discusses the Former Yugoslav Republic of Macedonia’s Second Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria and Rephasing of the Program. The more...
	United Republic of Tanzania : 2007 Article IV Consultation and First Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the United Republic of Tanzania Release Date: July, 2007 Price: $18.00 This paper discusses the United Republic of Tanzania’s 2007 Article IV Consultation and First Review under the Policy Support Instrument. The report focuses on sustaining Tanzania’s more...
	Botswana : Selected Issues and Statistical Appendix Release Date: July, 2007 Price: $18.00 This Selected Issues paper and Statistical Appendix on Botswana underlies that diamond reserves are not adequate to generate enough permanent revenue to support the current level of expenditure. more...

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