 | Labor and Product Market Reforms in Advanced Economies : Fiscal Costs, Gains, and Support Author/Editor: Angana Banerji, Valerio Crispolti, Era Dabla-Norris, Romain A Duval, Christian H Ebeke, Davide Furceri, Takuji Komatsuzaki, Tigran Poghosyan. Release Date:March, 2017 Product and labor market reforms are needed to lift persistently sluggish growth in advanced economies. But reforms have progressed slowly because of concerns about their distributive and short-term more...
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 | The Impact of Workforce Aging on European Productivity Author/Editor: Shekhar Aiyar, Christian H Ebeke. Release Date:December, 2016 The age-distribution of Europe’s workforce has shifted towards older workers over the past few decades, a process expected to accelerate in the years ahead.. This paper studies the effect of the more...
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| Emigration and Its Economic Impact on Eastern Europe Author/Editor: Ruben V Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian H Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei, Alaina P Rhee, Daria V Zakharova. Release Date:July, 2016 This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While more...
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| When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies Author/Editor: Anna Rose Bordon, Christian Ebeke, Kazuko Shirono. Release Date:March, 2016 Structural reforms are expected to lift growth and employment, but their effects are
 surprisingly difficult to pin down empirically. One reason is their potential endogeneity to more...
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| What's Different about Monetary Policy Transmission in Remittance-Dependent Countries? Author/Editor: Adolfo Barajas, Ralph Chami, Christian H Ebeke, Anne Oeking. Release Date:March, 2016 Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their more...
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| The Refugee Surge in Europe : Economic Challenges Author/Editor: Shekhar Aiyar, Bergljot B Barkbu, Nicoletta Batini, Helge Berger, Enrica Detragiache, Allan Dizioli, Christian H Ebeke, Huidan Huidan Lin, Linda Kaltani, Sebastian Sosa, Antonio Spilimbergo, Petia Topalova. Release Date:January, 2016 Against the background of political turmoil in the Middle-East, Europe faces an unprecedented surge in asylum applications. In analyzing the economic impact of this inflow, this paper draws from the more...
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| Inflation Targeting and Exchange Rate Regimes in Emerging Markets Author/Editor: Christian Ebeke, Armand Fouejieu. Release Date:October, 2015 This paper investigates the effects of the adoption of inflation targeting (IT) on the choice of exchange rate regime in emerging markets (EMs), conditional on certain macroeconomic conditions. Using more...
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| Global Financial Spillovers to Emerging Market Sovereign Bond Markets Author/Editor: Christian Ebeke, Annette Kyobe. Release Date:June, 2015 Foreign holdings of emerging markets (EMs) government bonds have increasedsubstantially over the last decade. While foreign participation in local-currency sovereignbond markets provides an more...
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| Energy Subsidies and Public Social Spending : Theory and Evidence Author/Editor: Christian Ebeke, Constant Lonkeng Ngouana. Release Date:May, 2015 This paper shows that high energy subsidies and low public social spending can emerge as anequilibrium outcome of a political game between the elite and the middle-class when the provisionof public more...
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| Private Saving Accelerations Author/Editor: Christian Ebeke. Release Date:December, 2014 Domestic private saving rates have been on a declining trend in many Emerging Markets (EMs), raising questions about countries’ ability to generate sufficient domestic resources to finance more...
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