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The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications

Author/Editor: Olivier Coibion, Yuriy Gorodnichenko, Gee Hee Hong.

Release Date: August, 2012

Price: $18.00

We study the cyclical properties of sales, regular price changes and average prices paid by consumers (effective prices) in a dataset containing prices and quantities sold for numerous retailers 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...

Intra-Regional Spillovers in South America: Is Brazil Systemic after All?

Author/Editor: Gustavo Adler, Sebastian Sosa.

Release Date: June, 2012

Price: $18.00

Shocks stemming from Brazil - the large neighbor in South America - have historically been a source of concern for policy-makers in other countries of the region. This paper studies the importance of more...

Do Dynamic Provisions Enhance Bank Solvency and Reduce Credit Procyclicality? A Study of the Chilean Banking System

Author/Editor: Jorge A. Chan-Lau.

Release Date: May, 2012

Price: $18.00

Dynamic provisions could help to enhance the solvency of individual banks and reduce procyclicality. Accomplishing these objectives depends on country-specific features of the banking system, 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...

The Us Federal Debt Outlook: Reading the Tea Leaves (Pdf Download)

Release Date: March, 2010

Price: $0.00

Crisis Management and Resolution for a European Banking System (Pdf Download)

Release Date: March, 2010

Price: $0.00

Mexico : Selected Issues

Release Date: December, 2007

Price: $18.00

This Selected Issues paper analyzes external shocks and business cycle fluctuations in Mexico. The paper examines the relative importance of U.S. demand shocks—and other foreign more...

Chile : Selected Issues

Release Date: September, 2007

Price: $15.00

This Selected Issues paper analyzes the properties of the fiscal surplus rule, a key pillar of Chile’s macroeconomic framework. The findings suggest that the rule is near the more...

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