 | An Evaluation of World Economic Outlook Growth Forecasts, 2004–17 Author/Editor: Oya Celasun, Jungjin Lee, Mico Mrkaic, Allan Timmermann. Release Date:August, 2021 This paper examines the performance of World Economic Outlook (WEO) growth forecasts for 2004-17. Short-term real GDP growth forecasts over that period exhibit little bias, and their accuracy is more...
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 | U.S. Healthcare: A Story of Rising Market Power, Barriers to Entry, and Supply Constraints Author/Editor: Li Lin, Mico Mrkaic, Anke Weber. Release Date:July, 2021 Healthcare in the United States is the most expensive in the world, with real per capita spending growth averaging 4 percent since 1980. This paper examines the role of market power of U.S. more...
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 | License to Spill: How Do We Discuss Spillovers in Article IV Staff Reports Author/Editor: Jelle Barkema, Borislava Mircheva, Mico Mrkaic, Yuanchen Yang. Release Date:May, 2021
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 | What Do We Talk About When We Talk About Output Gaps? Author/Editor: Jelle Barkema, Tryggvi Gudmundsson, Mico Mrkaic. Release Date:November, 2020 Estimates of output gaps continue to play a key role in assessments of the stance of business cycles. This paper uses three approaches to examine the historical record of output gap measurements and more...
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 | Do FX Interventions Lead to Higher FX Debt? Evidence from Firm-Level Data Author/Editor: Minsuk Kim, Rui Mano, Mico Mrkaic. Release Date:September, 2020 Central banks often buy or sell reserves-–-so called FX interventions (FXIs)---to dampen sharp exchange rate movements caused by volatile capital flows. At the same time, these interventions may more...
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 | Weather Shocks and Output in Low-Income Countries: The Role of Policies and Adaptation Author/Editor: Sebastian Acevedo Mejia, Claudio Baccianti, Mico Mrkaic, Natalija Novta, Evgenia Pugacheva, Petia Topalova. Release Date:August, 2019 We explore the extent to which macroeconomic policies, structural policies, and institutions can mitigate the negative relationship between temperature shocks and output in countries with warm more...
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 | The Global Economic Recovery 10 Years After the 2008 Financial Crisis Author/Editor: Wenjie Chen, Mico Mrkaic, Malhar S Nabar. Release Date:April, 2019 This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a more...
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 | The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact? Author/Editor: Sebastian Acevedo Mejia, Mico Mrkaic, Natalija Novta, Evgenia Pugacheva, Petia Topalova. Release Date:June, 2018 Global temperatures have increased at an unprecedented pace in the past 40 years. This paper finds that increases in temperature have uneven macroeconomic effects, with adverse consequences more...
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 | Steady as She Goes—Estimating Potential Output During Financial “Booms and Busts” Author/Editor: Helge Berger, Thomas Dowling, Sergi Lanau, Mico Mrkaic, Pau Rabanal, Marzie Taheri Sanjani. Release Date:November, 2015 Potential output—in the sense of the GDP level or path an economy can sustain over the
 medium term—is a crucial benchmark for policymakers. However, it is difficult to more...
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 | SMEs' Access to Finance in the Euro Area: What Helps or Hampers? Author/Editor: Bahar Özt Release Date:WP.jpg
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