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Regional Disparities in Europe

Author/Editor: Ravi Balakrishnan, Louise Rabier, Christian H Ebeke, Melih Firat, Davide Malacrino.

Release Date:September, 2022

While the level of disparities across regions in 10 advanced European economies studied in this paper mostly reflects productivity gaps, the increase since the Great Recession has resulted from more...



Price: $20.00
Reforming the EU Fiscal Framework:Strengthening the Fiscal Rules and Institutions

Author/Editor: Nathaniel G Arnold, Ravi Balakrishnan, Bergljot B Barkbu, Hamid R Davoodi, Andresa Lagerborg, Waikei R Lam, Paulo A Medas, Julia Otten, Louise Rabier, Christiane Roehler, Asghar Shahmoradi, Mariano Spector, Sebastian Weber, Jeromin Zettelmeyer.

Release Date:September, 2022

The EU's fiscal framework needs reform. While existing fiscal rules have had some impact in constraining deficits, they did not prevent deficits and debt ratios that have threatened the stability of more...



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European Labor Markets and the COVID-19 Pandemic: Fallout and the Path Ahead

Author/Editor: Sakai Ando, Ravi Balakrishnan, Bertrand Gruss, Jean-Jacques Hallaert, La-Bhus Fah Jirasavetakul, Koralai Kirabaeva, Nir Klein, Ana Lariau, Lucy Qian Liu, Davide Malacrino, Haonan Qu, Alexandra Solovyeva.

Release Date:March, 2022

In 2020, the COVID-19 pandemic caused by far the largest shock to European economies since World War II. Yet, astonishingly, the EU unemployment rate had already declined to its pre-crisis level by more...



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Commodity Cycles, Inequality, and Poverty in Latin America

Author/Editor: Ravi Balakrishnan, Sandra V Lizarazo Ruiz, Marika Santoro, Frederik G Toscani, Mauricio Vargas.

Release Date:April, 2021

Over the past decades, inequality has risen not just in advanced economies but also in many emerging market and developing economies, becoming one of the key global policy challenges. And throughout more...



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What is Keeping U.S. Core Inflation Low : Insights from a Bottom-Up Approach

Author/Editor: Yasser Abdih, Ravi Balakrishnan, Baoping Shang.

Release Date:July, 2016

Over the past two decades, U.S. core PCE goods and services inflation have evolved differently. Against the backdrop of global concerns of low inflation, we use this trend as motivation to develop a more...



Price: $18.00
U.S. Dollar Dynamics : How Important Are Policy Divergence and FX Risk Premiums?

Author/Editor: Ravi Balakrishnan, Stefan Laseen, Andrea Pescatori.

Release Date:July, 2016

We investigate the drivers of dynamics of major U.S. FX bilaterals. We first construct a novel measure of FX risk premiums using Consensus exchange rate forecasts. We then use VAR analysis to show more...



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Recent U.S. Labor Force Dynamics : Reversible or not?

Author/Editor: Ravi Balakrishnan, Mai Dao, Juan Sole, Jeremy Zook.

Release Date:April, 2015

The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, more...



Price: $18.00
The Elusive Quest for Inclusive Growth: Growth, Poverty, and Inequality in Asia

Author/Editor: Ravi Balakrishnan, Chad Steinberg, Murtaza H Syed.

Release Date:June, 2013

This paper assesses how pro-poor and inclusive Asia’s recent growth has been, and what factors have been driving these outcomes. It finds that while poverty has fallen across the region over the more...



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Surging Capital Flows to Emerging Asia: Facts, Impacts, and Responses

Author/Editor: Ravi Balakrishnan, Sylwia Nowak, Sanjaya Panth, Yiqun Wu.

Release Date:May, 2012

Net capital flows to emerging Asia rebounded at a record pace following the global financial crisis, raising concerns about overheating and financial stability. This paper documents the size and more...



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Policy Responses to Capital Flows in Emerging Markets

Author/Editor: Mahmood Pradhan, Ravi Balakrishnan, Reza Baqir, Geoffrey Heenan, Sylwia Nowak, Ceyda Oner, Sanjaya Panth.

Release Date:April, 2011

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are more...



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