 | Do Forecasters Believe in Okun's Law? An Assessment of Unemployment and Output Forecasts Author/Editor: Laurence M. Ball, João Tovar Jalles, Prakash Loungani. Release Date:February, 2014 This paper provides an assessment of the consistency of unemployment and output forecasts. We show that, consistent with Okun’s Law, forecasts of real GDP growth and the change in unemployment are more...
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| Testing the Prebisch-Singer Hypothesis since 1650: Evidence from Panel Techniques that Allow for Multiple Breaks Author/Editor: Rabah Arezki, Kaddour Hadri, Prakash Loungani, Yao Rao. Release Date:August, 2013 In this paper, we re-examine two important aspects of the dynamics of relative primary commodity prices, namely the secular trend and the short run volatility. To do so, we employ 25 series, some of more...
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| The Distributional Effects of Fiscal Consolidation Author/Editor: Laurence M Ball, Davide Furceri, Daniel Leigh, Prakash Loungani. Release Date:June, 2013 This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that fiscal more...
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 | Labor Market Policies and IMF Advice in Advanced Economies during the Great Recession Author/Editor: Olivier J Blanchard, Florence Jaumotte, Prakash Loungani. Release Date:March, 2013 This paper does two things. First, it articulates what are the main implications of theoretical and empirical research for design of labor market policies and labor market institutions. Second, in more...
| Price: $10.00
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 | Information Rigidities in Economic Growth Forecasts: Evidence from a Large International Panel Author/Editor: Jonas Dovern, Ulrich Fritsche, Prakash Loungani, Natalia T Tamirisa. Release Date:February, 2013 We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989–2010. Our main findings are as follows. more...
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| Okun's Law: Fit at 50? Author/Editor: Laurence M Ball, Daniel Leigh, Prakash Loungani. Release Date:January, 2013 This paper asks how well Okun’s Law fits short-run unemployment movements in the United States since 1948 and in twenty advanced economies since 1980. We find that Okun’s Law isa strong and more...
| Price: $18.00
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| Global Housing Cycles Author/Editor: Deniz Igan, Prakash Loungani. Release Date:August, 2012 Housing cycles and their impact on the financial system and the macroeconomy have become
the center of attention following the global financial crisis. This paper documents the
characteristics of more...
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| Information Rigidity in Growth Forecasts : Some Cross-Country Evidence Author/Editor: Natalia T. Tamirisa, Prakash Loungani, Herman O. Stekler. Release Date:June, 2011 We document information rigidity in forecasts for real GDP growth in 46 countries over the past two decades. We investigate: (i) if rigidities are lower around turning points in the economy, such as more...
| Price: $18.00
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| New Evidenceon Cyclical and Structural Sources of Unemployment Author/Editor: Jinzhu Chen, Bharat Trehan, Prakash Kannan, Prakash Loungani. Release Date:May, 2011 We provide cross-country evidence on the relative importance of cyclical and structural factors in explaining unemployment, including the sharp rise in U.S. long-term unemployment during the Great more...
| Price: $18.00
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| Measuring Energy Security : Trends in the Diversification of Oil and Natural Gas Supplies Author/Editor: Prakash Loungani, Frederick L. Joutz, Gail Cohen. Release Date:February, 2011 We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing more...
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