Author/Editor: Pelin Berkmen.

Release Date:January, 2012

This paper asks whether the BoJ's recent experience with unconventional monetary easing has been effective in supporting economic activity and inflation. Using a structural VAR model, the paper finds more...

Author/Editor: Ugo Fasano-Filho, Rishi Goyal.

Release Date:April, 2004

Unemployment pressures among nationals are emerging in the Cooperation Council for the Arab States of the Gulf (GCC). 2 At a time when a rapidly growing number of young nationals are entering the more...

Author/Editor: Zubair Iqbal, Ugo Fasano-Filho.

Release Date:September, 2003

This paper presents an overview of the unprecedented economic and social transformation witnessed by the member countries of the Cooperation Council of the Arab States of the Gulf (GCC)-Bahrain, more...

Author/Editor: Ugo Fasano-Filho, Andrea Schaechter.

Release Date:August, 2003

The six member countries of the Gulf Cooperation Council (GCC)--Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates--have made important progress toward economic and financial more...

Author/Editor: Qing Wang, Ugo Fasano-Filho.

Release Date:November, 2002

The paper examines the direction of causality between total government expenditure and revenue in oil-dependent GCC countries by utilizing a cointegration and error-correction modeling framework, and more...

Author/Editor: Qing Wang, Ugo Fasano-Filho.

Release Date:December, 2001

Through the use of a multivariate cointegration and error-correction model, this study investigates the short- and long-run relationship over the past two decades between fiscal expenditure policy more...