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Geoeconomic Fragmentation and the Future of Multilateralism

Author/Editor: Shekhar Aiyar, Jiaqian Chen, Christian H Ebeke, Roberto Garcia-Saltos, Tryggvi Gudmundsson, Anna Ilyina, Alvar Kangur, Tansaya Kunaratskul, Sergio L Rodriguez, Michele Ruta, Tatjana Schulze, Gabriel Soderberg, Juan P Trevino.

Release Date:January, 2023

After several decades of increasing global economic integration, the world is facing the risk of policy-driven geoeconomic fragmentation (GEF). This note explores the ramifications. It identifies more...



Price: $20.00
Effective Fiscal-Monetary Interactions in Severe Recessions

Author/Editor: Jiaqian Chen, Raphael A Espinoza, Carlos Goncalves, Tryggvi Gudmundsson, Martina Hengge, Zoltan Jakab, Jesper Lindé.

Release Date:September, 2022

The COVID-19 pandemic and the subsequent need for policy support have called the traditional separation between fiscal and monetary policies into question. Based on simulations of an open economy more...



Price: $20.00
Emerging Markets: Prospects and Challenges

Author/Editor: Tryggvi Gudmundsson, Vladimir Klyuev, Leandro Medina, Boaz Nandwa, Dmitry Plotnikov, Francisco Schiffrer, Di Yang.

Release Date:February, 2022

This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the more...



Price: $5.00
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...



Price: $18.00
Destabilizing Stability? Exchange Rate Arrangements and Foreign Currency Debt

Author/Editor: Balazs Csonto, Tryggvi Gudmundsson.

Release Date:August, 2020

Emerging markets (EMs) often respond to shocks by intervening in foreign exchange (FX) markets and thus preventing full exchange rate adjustment. This response can serve to dampen the effect of more...



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A Capital Market Union for Europe

Author/Editor: Ashok Vir Bhatia, Srobona Mitra, Anke Weber, Shekhar Aiyar, Luiza Antoun de Almeida, Cristina Cuervo, Andre O Santos, Tryggvi Gudmundsson.

Release Date:September, 2019

This note weighs the merits of a capital market union (CMU) for Europe, identifies major obstacles in its path, and recommends a set of carefully targeted policy actions. European capital markets are more...



Price: $10.00
Whose Credit Line is it Anyway : An Update on Banks' Implicit Subsidies

Author/Editor: Tryggvi Gudmundsson.

Release Date:November, 2016

The post-crisis financial sector framework reform remains incomplete. While capital and liquidity requirements have been strengthened, doubts remain over other aspects, including the fact more...



Price: $18.00