 | 2022 Update of the External Balance Assessment Methodology Author/Editor: Cian Allen, Camila Casas, Giovanni Ganelli, Luciana Juvenal, Daniel Leigh, Pau Rabanal, Cyril Rebillard, Jair Rodriguez, Joćo Tovar Jalles. Release Date:March, 2023 The assessment of external positions and exchange rates of member countries is a key mandate of the IMF. The External Balance Assessment (EBA) methodology has provided the framework for conducting more...
| Price: $20.00
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 | Understanding U.S. Inflation During the COVID Era Author/Editor: Laurence M Ball, Daniel Leigh, Prachi Mishra. Release Date:October, 2022 This paper analyzes the dramatic rise in U.S. inflation since 2020, which we decompose into a rise in core inflation as measured by the weighted median inflation rate and deviations of headline more...
| Price: $20.00
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 | Measuring U.S. Core Inflation: The Stress Test of COVID-19 Author/Editor: Laurence M Ball, Daniel Leigh, Prachi Mishra, Antonio Spilimbergo. Release Date:December, 2021 Large price changes in industries affected by the COVID-19 pandemic have caused erratic fluctuations in the U.S. headline inflation rate. This paper compares alternative approaches to filtering out more...
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 | U.S. Investment Since the Tax Cuts and Jobs Act of 2017 Author/Editor: Emanuel Kopp, Daniel Leigh, Susanna Mursula, Suchanan Tambunlertchai. Release Date:May, 2019 There is no consensus on how strongly the Tax Cuts and Jobs Act (TCJA) has stimulated U.S. private fixed investment. Some argue that the business tax provisions spurred investment by cutting the cost more...
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 | Hysteresis in Labor Markets? Evidence from Professional Long-Term Forecasts Author/Editor: John C Bluedorn, Daniel Leigh. Release Date:May, 2019 We explore the long-term impact of economic booms on labor market outcomes using a novel approach based on revisions to professional forecasts over the past 30 years for 34 advanced economies. We more...
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 | Is the Cycle the Trend? Evidence From the Views of International Forecasters Author/Editor: John C Bluedorn, Daniel Leigh. Release Date:July, 2018 We revisit the conventional view that output fluctuates around a stable trend by analyzing professional long-term forecasts for 38 advanced and emerging market economies. If transitory deviations more...
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 | Global Market Power and its Macroeconomic Implications Author/Editor: Federico Diez, Daniel Leigh, Suchanan Tambunlertchai. Release Date:June, 2018 We estimate the evolution of markups of publicly traded firms in 74 economies from 1980-2016. In advanced economies, markups have increased by an average of 39 percent since 1980. The increase is more...
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 | The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America Author/Editor: Yan Carriere-Swallow, Antonio David, Daniel Leigh. Release Date:June, 2018 We estimate the short-term effects of fiscal consolidation on economic activity in 14 countries in Latin America and the Caribbean. We examine contemporaneous policy documents to identify changes in more...
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 | A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean Author/Editor: Antonio David, Daniel Leigh. Release Date:April, 2018 This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending more...
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 | Exchange Rates and Trade : A Disconnect? Author/Editor: Daniel Leigh, Weicheng Lian, Marcos Poplawski-Ribeiro, Rachel Szymanski, Viktor Tsyrennikov, Hong Yang. Release Date:March, 2017 We examine the stability and strength of the relationship between exchange rates and trade over time using three alternative approaches, mitigating the endogeneity of the relation. We find that both more...
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