Author/Editor: Serhan Cevik, Jan Gottschalk, Eric Hutton, Laura Jaramillo, Pooja Karnane, Moussé Sow.

Release Date:February, 2019

Structural transformation has resulted in an increasing share of services in aggregate value-added in advanced and developing countries across the world. We analyze the impact of this shift into more...

Author/Editor: Jan Gottschalk, Carl Miller, Lanieta Rauqeuqe, Isoa Wainiqolo, Yongzheng Yang.

Release Date:August, 2016

This paper provides an assessment of real exchange rate measures and their impact on trade performance with special reference to two Pacific island countries, Fiji and Samoa. The analysis shows that more...

Author/Editor: Suman S Basu, Jan Gottschalk, Werner Schule, Nikhil Vellodi, Shu-Chun S Yang.

Release Date:May, 2013

To investigate the effects on Papua New Guinea’s economy of substantial liquified natural gas revenues arriving in 2015, we employ a model to examine the macroeconomic effects of a scalingup of more...

Author/Editor: Fabian Bornhorst, Annalisa Fedelino, Jan Gottschalk, Gabriela Dobrescu.

Release Date:April, 2011

Technical Notes and Manuals are produced by IMF departments to expand the dissemination of their technical assistance advice. These papers present general advice and guidance, drawn in part from more...

Author/Editor: Mauricio Villafuerte, Cemile Sancak, Jan Gottschalk, S. M. Ali Abbas, Olivier Basdevant, Ricardo Velloso, Fuad Hasanov, Greetje Everaert, Stephanie Eble, Junhyung Park.

Release Date:September, 2010

In response to the global financial crisis, governments provided substantial support to the financial and other key sectors. Although this cushioned the adverse effects of the crisis, it is necessary more...

Author/Editor: Carlo Cottarelli, Paolo Mauro, Lorenzo Forni, Jan Gottschalk.

Release Date:September, 2010

This note summarizes the main arguments put forward by some market commentators who argue that default is inevitable, and presents a rebuttal for each argument in turn. Their main arguments focus on more...

Author/Editor: Rafael Portillo, Andrew Berg, Jan Gottschalk, Luis-Felipe Zanna.

Release Date:July, 2010

We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of more...

Author/Editor: Jihad Dagher, Jan Gottschalk, Rafael Portillo.

Release Date:May, 2010

We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the more...

Author/Editor: Kadima D. Kalonji, Jan Gottschalk, Ken Miyajima.

Release Date:December, 2008

This paper examines the determinants of inflation in Sierra Leone using a structural vector autoregression (VAR) approach to help forecast inflation for operational purposes. Despite data more...

Author/Editor: Jan Gottschalk, Ashok Bhundia.

Release Date:December, 2003

This paper investigates the sources of fluctuations in the rand-U.S. dollar exchange rate in 2001 and 2002 using an empirical exchange rate model which identifies aggregate supply, aggregate demand, more...