Author/Editor: Shawn Cole, Xavier Gine, Jeremy Tobacman, Petia Topalova, Robert M. Townsend, James Ian Vickery.

Release Date: July, 2012

Why do many households remain exposed to large exogenous sources of non-systematic income risk? We use a series of randomized field experiments in rural India to test the importance of price and more...

Author/Editor: Jaromir Benes, Marcelle Chauvet, Ondra Kamenik, Michael Kumhof, Douglas Laxton, Susanna Mursula, Jack Selody.

Release Date: May, 2012

We discuss and reconcile two diametrically opposed views concerning the future of world oil production and prices. The geological view expects that physical constraints will dominate the future more...

Author/Editor: Shaun K. Roache.

Release Date: May, 2012

Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some base metals. In contrast, shocks to apparent commodity-specific consumption (in more...

Author/Editor: Yasser Abdih, Adolfo Barajas, Ralph Chami, Christian Ebeke.

Release Date: April, 2012

This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance-sending countries, to the public finances of remittance-receiving countries. Using more...

Release Date: March, 2012

Release Date: December, 2011

Author/Editor: Sebastian Sosa, Gustavo Adler.

Release Date: December, 2011

Commodity-exporting countries have significantly benefited from the commodity price boom of recent years. At the current juncture, however, uncertain global economic prospects have raised questions more...

Author/Editor: Carolina Osorio, Filiz Unsal.

Release Date: November, 2011

The perception that Asia''s inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that there is little scope for a policy reaction to a build-up of inflationary more...

Release Date: October, 2011

Release Date: October, 2011

Author/Editor: Sanchita Mukherjee, Rina Bhattacharya.

Release Date: October, 2011

In this paper we empirically examine the operation of the traditional Keynesian interest rate channel of the monetary policy transmission mechanism in five potential inflation targeting economies in more...

Author/Editor: Yongzheng Yang.

Release Date: October, 2011

While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations more...

Release Date: July, 2011

Release Date: March, 2011

We revive in this paper the empirical relevance of the competitive storage model by taking a holistic approach to food commodity prices. We augment the seminal Deaton and Laroque (1992, 1996) model more...

Author/Editor: Tahsin Saadi Sedik, Serhan Cevik.

Release Date: January, 2011

This paper investigates the causes of extreme fluctuations in commodity prices from 1990 to 2010. Analyzing two very distinct commodities-crude oil and fine wine, we find that macroeconomic factors more...