Author/Editor: Kyuil Chung, Jong-Eun Lee, Elena Loukoianova, Hail Park, Hyun Song Shin.

Release Date: January, 2014

This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary more...

Author/Editor: Serhan Cevik, Katerina Teksoz.

Release Date: March, 2013

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using cointegration and error correction models. While inflation inertia is found to be a more...

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...

Author/Editor: Jaromir Benes, Michael Kumhof.

Release Date: August, 2012

At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary more...

Release Date: September, 2008