Author/Editor: David Coady, Taimur Baig, Joseph Ntamatungiro, Amine Mati.

Release Date:March, 2007

The paper reviews recent developments in the pass-through of international to domestic petroleum product prices, in the different fuel pricing regimes, and in fuel subsidies in a range of emerging more...

Author/Editor: Garima Vasishtha, Taimur Baig, Manmohan S Kumar, Edda Zoli.

Release Date:August, 2006

This paper examines two main aspects of the interaction between fiscal and monetary policy in emerging market economies. First, it explores the interest rate-inflation relationship in economies with more...

Author/Editor: Taimur Baig, Abdul Abiad.

Release Date:June, 2005

Using a panel dataset of 34 emerging market countries for the period 1990-2002, we examine the roles of various economic, political, and institutional variables in determining fiscal effort, as more...

Author/Editor: Taimur Baig.

Release Date:November, 2003

This paper examines the cost of deflation in the context of Japan's ongoing deflationary episode. The impact of deflation owing to the zero interest rate bound on monetary policy, wage rigidity, more...

Release Date:June, 2003

Deflation can be costly and difficult to anticipate, and concerns of a generalized decline in prices in both industrial and emerging market economies have increased recently. This paper investigates more...

Author/Editor: Taimur Baig.

Release Date:October, 2001

This paper examines the behavior of the exchange rates of selected emerging market East Asian economies in the aftermath of the Asian crisis. The results suggest that movements in the Asia-5 more...