 | On the Optimal Adherence to Money Targets in a New-Keynesian Framework : An Application to Low-Income Countries Author/Editor: Andrew Berg, Filiz Unsal, Rafael Portillo. Release Date:June, 2010 Many low-income countries continue to describe their monetary policy framework in terms of targets on monetary aggregates. This contrasts with most modern discussions of monetary policy, and with more...
| Price: $18.00
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 | The Real Exchange Rate and Growth Revisited : The Washington Consensus Strikes Back? Author/Editor: Andrew Berg, Yanliang Miao. Release Date:March, 2010 There is good reason and much evidence to suggest that the real exchange rate matters for economic growth, but why? The Washington Consensus (WC) view holds that real exchange rate misalignment more...
| Price: $18.00
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 | The Short-Run Macroeconomics of Aid Inflows : Understanding the Interaction of Fiscal and Reserve Policy Author/Editor: Luis-Felipe Zanna, Andrew Berg, Tokhir Mirzoev, Rafael Portillo. Release Date:March, 2010 We develop a tractable open-economy new-Keynesian model with two sectors to analyze the short-term effects of aid-financed fiscal expansions. We distinguish between spending the aid, which is under more...
| Price: $18.00
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 | Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis Author/Editor: Shamsuddin Tareq, Andrew Berg, Victor Duarte Lledo, Antonio Spilimbergo, Rolando Ossowski, Irene Yackovlev, Norbert Funke, Alejandro Hajdenberg, Martin Schindler. Release Date:May, 2009
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 | What Makes Growth Sustained? Author/Editor: Jonathan David Ostry, Andrew Berg, Jeronimo Zettelmeyer. Release Date:March, 2008 We identify structural breaks in economic growth in 140 countries and use these to define growth spells: periods of high growth preceded by an upbreak and ending either with a downbreak or with the more...
| Price: $25.00
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 | Testing for Structural Breaks in Small Samples Author/Editor: Sergei Antoshin, Andrew Berg, Marcos Souto. Release Date:March, 2008 In a recent paper, Bai and Perron (2006) demonstrate that their approach for testing for multiple structural breaks in time series works well in large samples, but they found substantial deviations more...
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 | The Macroeconomics of Scaling Up Aid : Lessons from Recent Experience Author/Editor: Andrew Berg, Mumtaz Hussain, Shaun K Roache, Amber Mahone, Tokhir N Mirzoev, Shekhar Aiyar. Release Date:March, 2007 This study analyzes key issues associated with large increases in aid, including absorptive capacity, Dutch disease, and inflation. The authors develop a framework that emphasizes the different roles more...
| Price: $30.00
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 | Practical Model-Based Monetary Policy Analysis : A How-To Guide Author/Editor: Douglas Laxton, Andrew Berg, Philippe D Karam. Release Date:March, 2006 This paper provides a how-to guide to model-based forecasting and monetary policy analysis. It describes a simple structural model, along the lines of those in use in a number of central banks. This more...
| Price: $15.00
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 | Autocorrelation-Corrected Standard Errors in Panel Probits : An Application to Currency Crisis Prediction Author/Editor: Andrew Berg, Rebecca N Coke. Release Date:March, 2004 Many estimates of early-warning-system (EWS) models of currency crisis have reported incorrect standard errors because of serial correlation in the context of panel probit regressions. This paper more...
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 | Assessing Early Warning Systems : How Have they Worked in Practice? Author/Editor: Andrew Berg, Eduardo Borensztein, Catherine A Pattillo. Release Date:March, 2004 Since 1999, the IMF's staff has been tracking several early-warning-system (EWS) models of currency crisis. The results have been mixed. One of the long-horizon models has performed well relative to more...
| Price: $15.00
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