Release Date: April, 2014

Global activity has broadly strengthened and is expected to improve further in 2014–15, according to the April 2014 WEO, with much of the impetus for growth coming from advanced economies. Although more...

Release Date: December, 2013

This guide explains the nature and objectives of the General Data Dissemination System (GDDS), describes its operation, and provides practical guidance to IMF member countries on participation in the more...

Release Date: December, 2013

The International Monetary Fund (IMF) launched the data standards initiatives to enhance member countries’ data transparency and to promote their development of sound statistical systems. The need more...

Release Date: November, 2013

Over the past dozen years or so, China has faced major challenges in the conduct of monetary policy. In responding to these challenges, China’s monetary policy has successfully maintained stability more...

Author/Editor: Felix Fischer, Charlotte J Lundgren, Samir Jahjah.

Release Date: November, 2013

The paper looks at the challenges of conducting monetary policy in a context of high dollarization of the banking system and weak institutions in the Democratic Republic of the Congo. The empirical more...

Release Date: October, 2013

The IMF's 2013 Annual Report chronicles the response of the institution's Executive Board and staff to the global financial crisis and other events during financial year 2013, which covers the period more...

Author/Editor: Troy Matheson, Emil Stavrev.

Release Date: May, 2013

Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been remarkably stable. We find that a traditional Phillips curve describes the more...

Author/Editor: Serhan Cevik, Katerina Teksoz.

Release Date: March, 2013

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using cointegration and error correction models. While inflation inertia is found to be a more...

Author/Editor: Nils Øyvind Mæhle, Haimanot Teferra, Armine Khachatryan.

Release Date: January, 2013

Many sub-Saharan African (SSA) countries liberalized their economies in the 1980s and early 1990s. This paper reviews the foreign exchange regime reforms in selected SSA, and their associated more...

Release Date: October, 2012

The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the fiscal cliff facing U.S. policymakers. more...

Author/Editor: R. Gelos, Yulia Ustyugova.

Release Date: September, 2012

This paper relates the inflationary impact of commodity price shocks across countries to a broad range of structural characteristics and policy frameworks over the period 2001-2010, using several more...

Author/Editor: Reda Cherif, Fuad Hasanov.

Release Date: September, 2012

We study how macroeconomic shocks affect U.S. public debt dynamics using a VAR with debt feedback. Following a fiscal austerity shock, the debt ratio initially declines and then returns to its more...

Release Date: August, 2012

Release Date: July, 2012

Author/Editor: Etienne B. Yehoue.

Release Date: July, 2012

The financial crisis in the advanced countries that began in 2007 has led central bankers to adopt unconventional policy measures as policy interest rates neared the zero bound. One suggestion more...

Author/Editor: Serhan Cevik, Katerina Teksoz.

Release Date: July, 2012

This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council (GCC) countries using a structural vector autoregressive model. The results more...

Author/Editor: Steven Barnett, Julia Bersch, Yasuhisa Ojima.

Release Date: July, 2012

Inflation in Mongolia resembles a roller coaster ride with sharp rises and steep drops. Understanding why is critical for formulating and assessing monetary policy. Food prices are found to be a key more...

Author/Editor: James P Walsh, Jiangyan Yu.

Release Date: June, 2012

There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature assessing the effect of rising food prices on the poor. This paper attempts to more...

Release Date: May, 2012

This papers discusses Benin’s third review under the Extended Credit Facility Arrangement. The re-election of the President and the regained majority in Parliament have provided a window of more...

Author/Editor: Iyabo Masha, Chanho Park.

Release Date: May, 2012

This study examines the degree of exchange rate pass through (EPRT) into producer and consumer prices in Maldives. ERPT to consumer prices is first estimated using a nonparametric approach. A more...