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	De-monopolization Toward Long-Term Prosperity in China Author/Editor: Ashvin Ahuja. Release Date: March, 2012 Price: $18.00 During the past decade, the average Chinese earns roughly 9 times less and is 10 times less productive than the average American at purchasing power parity. Current consensus attributes large more...
	The Global Welfare Impact of China: Trade Integration and Technological Change Author/Editor: Julian di Giovanni, Andrei A. Levchenko, Jing Zhang. Release Date: March, 2012 Price: $18.00 This paper evaluates the global welfare impact of China's trade integration and technological change in a quantitative Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two more...
	Commodity Prices and Inflation Expectations in the United States Author/Editor: Oya Celasun, Roxana Mihet, Lev Ratnovski. Release Date: March, 2012 Price: $18.00 U.S. monetary policy can remain extraordinarily accommodative only if longer-term inflation expectations stay well-anchored, including in response to commodity price shocks. We find that oil price more...
	Revisiting Risk-Weighted Assets Author/Editor: Vanessa Le Leslé, Sofiya Avramova. Release Date: March, 2012 Price: $18.00 In this paper, we provide an overview of the concerns surrounding the variations in the calculation of risk-weighted assets (RWAs) across banks and jurisdictions and how this might undermine the more...
	The Valuation Effects of Geographic Diversification: Evidence from U.S. Banks Author/Editor: Martin Goetz, Luc Laeven, Ross Levine. Release Date: February, 2012 Price: $18.00 This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies more...
	Measuring Oil-Price Shocks Using Market-Based Information Author/Editor: Tao Wu, Michele Cavallo. Release Date: January, 2012 Price: $18.00 We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, we classify them into various event more...
	Bank Capital Adequacy in Australia Author/Editor: B. Jang, Niamh Sheridan. Release Date: January, 2012 Price: $18.00 The paper finds that, given Australia's conservative approach in implementing the Basel II framework, Australian banks' headline capital ratios underestimate their capital strengths. Given their high more...
	Mortgage Defaults Author/Editor: Juan Carlos Hatchondo, Leonardo Martinez, Juan M. Sanchez. Release Date: January, 2012 Price: $18.00 This paper incorporates house price risk and mortgages into a standard incomplete market (SIM) model. The model is calibrated to match U.S. data and accounts for non-targeted features of the data more...
	Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances Author/Editor: Bertrand Gruss, Jose L. Torres. Release Date: January, 2012 Price: $18.00 In this paper we use a general equilibrium model with heterogeneous agents to assess the macroeconomic and welfare consequences in the United States of alternative fiscal policies over the more...
	Canada: Selected Issues Paper Release Date: December, 2011 Price: $18.00
	Mexico: Review Under the Flexible Credit Line Arrangement - Staff Report; and Press Release on the Executive Board Discussion Release Date: December, 2011 Price: $18.00
	Canada: Staff Report for the 2011 Article IV Consultation Release Date: December, 2011 Price: $18.00
	Are there Spillover Effects From Munis? Author/Editor: Bertrand Candelon, Rabah Arezki, Amadou N. R. Sy. Release Date: December, 2011 Price: $18.00 This paper studies the spillover effects both within the bond markets for individual U.S. states and between the latter and the market for U.S. Treasury securities. We perform the Forbes and Rigobon more...
	Employment Protection and Business Cycles in Emerging Economies Author/Editor: Ruy Lama, Carlos Urrutia. Release Date: December, 2011 Price: $18.00 We build a small open economy, real business cycle model with labor market frictions to evaluate the role of employment protection in shaping business cycles in emerging economies. The model features more...
	Who's Going Green and Why? Trends and Determinants of Green Investment Author/Editor: Luc Eyraud, Changchang Zhang, Abdoul Wane, Benedict J. Clements. Release Date: December, 2011 Price: $18.00 This paper fills a gap in the macroeconomic literature on renewable sources of energy. It offers a definition of green investment and analyzes the trends and determinants of this investment over the more...
	An Assessment of Estimates of Term Structure Models for the United States Author/Editor: Carlos I. Medeiros, Ying He. Release Date: October, 2011 Price: $18.00 The paper assesses estimates of term structure models for the United States. To this end, this paper first describes the mathematics underlying two types of term structure models, namely the more...
	Mexico: Selected Issues Release Date: August, 2011 Price: $18.00
	Mexico: Staff Report for the 2011 Article IV Consultation Release Date: August, 2011 Price: $18.00
	United States: Staff Report for the 2011 Article IV Consultation Release Date: July, 2011 Price: $18.00
	United States; Selected Issues Release Date: July, 2011 Price: $18.00

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