 | Learning to Live with Cheaper Oil : Policy Adjustment in MENA and CCA Oil-Exporting Countries Author/Editor: Martin Sommer, Allan G Auclair, Armand Fouejieu, Inutu Lukonga, Saad N Quayyum, Amir Sadeghi, Gazi H Shbaikat, Andrew J Tiffin, Bruno Versailles. Release Date:June, 2016 This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks. more...
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| Global Implications of Lower Oil Prices Author/Editor: Aasim M. Husain, Rabah Arezki, Peter Breuer, Vikram Haksar, Thomas Helbling, Paulo A. Medas, Martin Sommer. Release Date:July, 2015 The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors more...
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 | The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States Author/Editor: Benjamin Hunt, Dirk Muir, Martin Sommer. Release Date:May, 2015 This paper uses two of the IMF's structural macroeconomic models to estimate thepotential global impact of the boom in unconventional oil and natural gas in the UnitedStates. The results suggest that more...
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| Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries Author/Editor: Maria A Albino-War, Svetlana Cerovic, Francesco Grigoli, Juan Flores, Javier Kapsoli, Haonan Qu, Yahia Said, Bahrom Shukurov, Martin Sommer, SeokHyun Yoon. Release Date:November, 2014 Over the past decade, rising oil prices have translated into high levels of public investment in most MENA and CCA oil exporters. This has prompted questions about the efficiency of public investment more...
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| Dissecting Saving Dynamics: Measuring Wealth, Precautionary, and Credit Effects : Measuring Wealth, Precautionary, and Credit Effects Release Date:September, 2012 We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all more...
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| Why Are Japanese Wages So Sluggish? Author/Editor: Martin Sommer. Release Date:May, 2009 Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries. This paper suggests that Japan's dualities between regular and nonregular labor more...
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| Why Has Japan Been Hit So Hard by the Global Recession? Author/Editor: Martin Sommer. Release Date:March, 2009
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| Central Bank Autonomy : Lessons from Global Trends Author/Editor: Bernard Laurens, Martin Sommer, Marco Arnone, Jean-François Segalotto. Release Date:April, 2007 We calculate indexes of central bank autonomy (CBA) for 163 central banks as of end-2003, and comparable indexes for a subgroup of 68 central banks as of the end of the 1980s. The results confirm more...
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