Release Date: October, 2018

The Direction of Trade Statistics (DOTS) Yearbook, usually published in October, contains data on the value of merchandise exports and imports among 183 countries and all their trading partners. The more...

Release Date: July, 2014

Author/Editor: Natalie Chen, Luciana Juvenal.

Release Date: March, 2014

This paper investigates theoretically and empirically the heterogeneous response of exporters to real exchange rate fluctuations due to product quality. Our model shows that the elasticity of demand more...

Author/Editor: Michael Keen, Christos Kotsogiannis.

Release Date: December, 2012

This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether some form of border tax adjustment (BTA) is warranted when carbon 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: Stephanie Medina Cas, Andrew Swiston, Luis-Diego Barrot.

Release Date: September, 2012

This paper studies the potential for the export sector to play a more important role in promoting growth in Central America, Panama, and the Dominican Republic (CAPDR) through deeper intra-regional more...

Author/Editor: Uffe Mikkelsen, Esther Pérez Ruiz.

Release Date: September, 2012

This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate more...

Author/Editor: Ehsan U. Choudhri, Dalia Hakura.

Release Date: September, 2012

Using both regression- and VAR-based estimates, the paper finds that the exchange rate pass-through to import prices for a large number of countries is incomplete and larger than the pass-through to more...

Author/Editor: Kurt Annen, Luc Moers.

Release Date: August, 2012

This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be more...

Release Date: July, 2012

Release Date: July, 2012

Author/Editor: Martin D. D. Evans.

Release Date: July, 2012

This paper presents a new model for studying international capital flows and debt dynamics that emphasizes the role played by expectations concerning future trade flows and returns. I use the model more...

Release Date: June, 2012

This Selected Issues Paper focuses on the Heritage and Stabilization Fund (HSF) and development in the energy sector in Trinidad and Tobago. The HSF, established in 2007, is an important national more...

Author/Editor: Rabah Arezki, Elena Dumitrescu, Andreas Freytag, Marc Quintyn.

Release Date: June, 2012

We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980-2010. Our main findings is that prior to capital account liberalization the more...

Author/Editor: Marco Airaudo, Luis-Felipe Zanna.

Release Date: May, 2012

We present an extensive analysis of the consequences for global equilibrium determinacy in flexible-price open economies of implementing active interest rate rules, i.e., monetary rules where the more...

Author/Editor: Giovanni Ganelli, Juha Tervala.

Release Date: May, 2012

This paper studies tariff-tax reforms in a calibrated two-region global New Keynesian model composed of a developing and an advanced region. In our baseline calibration, a revenue-neutral reform that more...

Author/Editor: Ashvin Ahuja.

Release Date: March, 2012

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...

Author/Editor: Julian di Giovanni, Andrei A. Levchenko, Jing Zhang.

Release Date: March, 2012

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...

Author/Editor: Aaditya Mattoo, Prachi Mishra, Arvind Subramanian.

Release Date: March, 2012

This paper estimates the impact of China's exchange rate changes on exports of competitor countries in third markets, which we call the spillover effect. We use recent theory to develop an more...

Author/Editor: Ding Ding, Iyabo Masha.

Release Date: February, 2012

This study investigates the role of India's economy in explaining the observed growth in South Asia, taking into consideration other sources of growth endogenous to the countries in the region. Since more...