 | Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method Author/Editor: Bibek Adhikari, Romain A Duval, Bingjie Hu, Prakash Loungani. Release Date:August, 2016 A number of advanced economies carried out a sequence of extensive reforms of their labor and
product markets in the 1990s and early 2000s. Using the Synthetic Control Method (SCM), this
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| Investing to Mitigate and Adapt to Climate Change : A Framework Model Author/Editor: Anthony Bonen, Prakash Loungani, Willi Semmler, Sebastian Koch. Release Date:August, 2016 We propose a macroeconomic model to assess optimal public policy decisions in the the face of competing funding demands for climate change action versus traditional welfare-enhancing capital more...
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| Capital Account Liberalization and Inequality Author/Editor: Davide Furceri, Prakash Loungani. Release Date:November, 2015 This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms more...
| Price: $18.00
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 | Wage Moderation in Crises : Policy Considerations and Applications to the Euro Area Author/Editor: Jörg Decressin, Raphael A. Espinoza, Ioannis Halikias, Michael Kumhof, Daniel Leigh, Prakash Loungani, Paulo A. Medas, Susanna Mursula, Antonio Spilimbergo, TengTeng Xu. Release Date:November, 2015 The paper studies the impacts of wage moderation in the euro area. Simulation results show that if a single euro area crisis-hit economy undertakes wage moderation, the impact on output is positive more...
| Price: $10.00
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| Global Food Prices and Domestic Inflation : Some Cross-Country Evidence Author/Editor: Davide Furceri, Prakash Loungani, John Simon, Susan Wachter. Release Date:June, 2015 This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a large group of countries. For advanced economies, we find that these fluctuations more...
| Price: $18.00
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| Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels Author/Editor: Sangyup Choi, Prakash Loungani. Release Date:February, 2015 We study the role of uncertainty shocks in explaining unemployment dynamics, separatingout the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of1957 to more...
| Price: $18.00
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| Regional Labor Market Adjustments in the United States Author/Editor: Mai Dao, Davide Furceri, Prakash Loungani. Release Date:November, 2014 We examine patterns of regional adjustments to shocks in the US during the past four decades.We find that the response of interstate migration to relative labor market conditions hasdecreased, while more...
| Price: $18.00
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| Minimum Wages and Firm Employment: Evidence from China Author/Editor: Yi Huang, Prakash Loungani, Gewei Wang. Release Date:October, 2014 This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the 2000-2007 periods. Using a novel dataset of minimum wage regulations across more more...
| Price: $181.00
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| Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel Author/Editor: Jonas Dovern, Ulrich Fritsche, Prakash Loungani, Natalia T. Tamirisa. Release Date:February, 2014 We study forecasts for real GDP growth using a large panel of individual forecasts from 36 advanced and emerging economies during 1989–2010. We show that the degree of information rigidity in more...
| Price: $18.00
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| Regional Labor Market Adjustments in the United States and Europe Author/Editor: Mai Dao, Davide Furceri, Prakash Loungani. Release Date:February, 2014 We examine patterns of regional adjustments to shocks in the US during the past 40 years. Using state-level data, we estimate the dynamic response of regional employment, unemployment, participation more...
| Price: $18.00
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