- International Monetary Fund. Western Hemisphere Dept.
- Published Date:
- April 2015
List of Country Abbreviations
AdlerG. and S.Sosa. 2011. “Commodity Price Cycles: The Perils of Mismanaging the Boom.” IMF Working Paper No. 11/283International Monetary FundWashington.
AdrianT.R. K.Crump and E.Moench. 2013. “Pricing the Term Structure with Linear Regressions.” Journal of Financial Economics110(1): 110–138.
AgosinM.2007. “Export Diversification and Growth in Emerging Economies.” Working Paper No. 233Departamento de Economía, Universidad de ChileSantiago.
AizenmanJ.M. D.Chinn and H.Ito. 2008. “Assessing the Emerging Global Financial Architecture: Measuring the Trilemma’s Configurations Over Time.” NBER Working Paper 14533National Bureau of Economic ResearchCambridge, Massachusetts.
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Basel Committee on Banking Supervision. 2010. Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems. BaselDecember.
BlanchardO.C.Rhee and L.Summers. 1994. “The Stock Market, Profit and Investment.” Quarterly Journal of Economics108(1): 115–136.
BloomD.D.Canning and G.Fink. 2011. “Implications of Population Aging for Economic Growth.” NBER Working Paper 16705National Bureau of Economic ResearchCambridge, Massachusetts.
BlydeJ.2014. Synchronized Factories: Latin America and the Caribbean in the Era of Global Value Chains. Washington: Inter-American Development Bank.
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CaceresC. and B.Gruss. Forthcoming. “Commodity Price Swings: Fiscal and External Implications for Latin America.” IMF Working PaperInternational Monetary FundWashington.
CaceresC. and L.Medina. Forthcoming. “Measures of Fiscal Risk in Oil-Exporting Countries,” Middle East Development Journal.
DaudeC.A.Nagengast and J. R.Perea. 2014. “Productive Capabilities: An Empirical Investigation of Their Determinants.” OECD Development Centre Working Paper No. 321OECD PublishingParis.
De La TorreA.T.Didier and M.Pinat. 2014. “Can Latin America Tap the Globalization Up-Side?” World Bank Policy Research Working Paper No. 6837World Bank GroupWashington.
DruckP. and N.Magud. Forthcoming. “Collateral Damage: Dollar Strength and Emerging Markets’ Growth.” IMF Working PaperInternational Monetary FundWashington.
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FazzariS.G.Hubbard and B.Petersen. 2000. “Investment-Cash Flow Sensitivities Are Useful: A Comment on Kaplan and Zingales.” Quarterly Journal of Economics115(2): 695–705.
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ForneroJ.M.Kirchner and A.Yany. 2014. “Terms of Trade Shocks and Investment in Commodity-Exporting Economies.” Central Bank of Chile Working PaperSantiago.
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International Monetary Fund. 2014b. “The Diversification Toolkit: Export Diversification and Quality Databases.” https://www.imf.org/external/np/res/dfidimf/diversification.htm.
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New Publications from the Western Hemisphere Department, April 2014–March 2015
IMF Working Papers
Does Demand Volatility Lower Growth and Raise Inflation? Evidence from the Caribbean
Central Bank Financial Strength in Central America and the Dominican Republic
Florencia Frantischek, Przemek Gajdeczka, Alexander Herman, and Andrew Swiston
Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth
Magda Kandil, Qiaoe Chen, Xin Li, Genevieve Lindow, Mario Mansilla, Joel Okwuokei, Marika Santoro, Jochen Schmittmann, and Solomon Stavis
Does Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries:
The Case of Suriname
Daniel Kanda and Mario Mansilla
What Is Behind Latin America’s Declining Income Inequality?
Evridiki Tsounta and Anayochukwu Osueke
Debt, Growth and Natural Disasters: A Caribbean Trilogy
After the Boom—Commodity Prices and Economic Growth in Latin America and the Caribbean
Measuring External Risks for Peru: Insights from a Macroeconomic Model for a Small Open and Partially Dollarized Economy
Determinants of Banks’ Net Interest Margins in Honduras
Koffie Ben Nassar, Edder Martinez, and Anabel Pineda
Financial Inclusion, Growth and Inequality: A Model Application to Colombia
News and Monetary Shocks at a High Frequency: A Simple Approach
Troy Matheson and Emil Stavrev
Francesco Grigoli, Alexander Herman, and Klaus Schmidt-Hebbel
Motives and Effectiveness of Forex Interventions: Evidence from Peru
Corporate Financing Trends and Balance Sheet Risks in Latin America: Taking Stock of the Bon(d)anza
Fabiano Rodrigues Bastos, Herman Kamil, and Bennett Sutton
Governments’ Payment Discipline: The Macroeconomic Impact of Public Payment Delays and Arrears
Cristina Checherita-Westphal, Alexander Klemm, and Paul Viefers
Output Gap Uncertainty and Real-Time Monetary Policy
Francesco Grigoli, Alexander Herman, Andrew Swiston, and Gabriel Di Bella
Drivers of Peru’s Equilibrium Real Exchange Rate: Is the Nuevo Sol a Commodity Currency?
Energy Subsidies in Latin America and the Caribbean: Stocktaking and Policy Challenges
Gabriel Di Bella, Lawrence Norton, Joseph Ntamatungiro, Sumiko Ogawa, Issouf Samake, and Marika Santoro
Made in Mexico: Energy Reform and Manufacturing Growth
Jorge Alvarez and Fabian Valencia
Investing in Emerging Markets: We Are Not in Kansas Anymore… Or Are We?
Nicolás Magud and Sebastián Sosa
Selected Issues Papers
- Where Do We Stand on Efforts to Strengthen Belize’s Financial Sector?Jacques Bouhga-Hagbe, Joel Okwuokei, and Kristine Vitola
- Belize—Toward a Fiscally Sustainable Wage Negotiation FrameworkJacques Bouhga-Hagbe and Marcio Ronci
- Canada’s Non-Energy Exports: Assessment of Post-Crisis Growth PerformanceMinsuk Kim
- Neutral Rate of Interest in a Small Open Economy: The Case of CanadaAndrea Pescatori
- Anchoring Sustainable Fiscal Policy: A New Fiscal Rule in CanadaTidiane Kinda
- Why Foreign Ownership of Locally Issued Sovereign Bonds is So Low in ChileYi Wu
- Chile’s Experience with Inclusive GrowthElif Ture
- Chile’s Tax System and the 2014 Tax ReformDaniel Rodríguez-Delgado and Roberto Schatan
- Chilean Banks’ Loan to Deposits RatioNicolas Arregui
- Chile’s Insurance SectorNicolas Arregui
- Assessing Spillover RisksPablo Morra, Mauricio Ruiz, Carlos Goes, and Eugenio Cerutti
- Colombia’s Fiscal Rule and Adjustment in the Context of Resource WealthLeonardo Martinez and Martín Wachs
- Recent Performance of Colombia’s Manufacturing Sector: Exchange Rate or Structural?Naomi Griffin, in collaboration with Colombia’s Superintendence of Corporations (Superintendencia de Sociedades)
- Selected Financial Sector IssuesIzabela Karpowicz and Mohamed Norat
- Financial Inclusion, Growth, and Inequality: A Model Application to ColombiaIzabela Karpowicz
- Selected Real Sector IssuesPatrick Blagrave, Jose Pablo Valdes, and Joyce Wong
- Cross-Border Linkages and SpilloversPatrick Blagrave, Eugenio Cerutti, Ewa Gradzka, Anna Ivanova, Rodrigo Mariscal, and Jaume Puig-Forné
- Assessing Fiscal Vulnerability and Medium-Term SustainabilityJaume Puig-Forné, Lennart Erickson, and Anna Ivanova
- The Central Bank’s Net WorthJorge Restrepo and Evelyn Muñoz
- Monetary Policy and InflationRodrigo Mariscal, Anna Ivanova, and Joyce Wong
- Transition to a Flexible Exchange Rate: Lessons from Past ExperienceLennart Erickson, Anna Ivanova, and Jorge Restrepo
- Financial Sector IssuesAnna Ivanova, Jaume Puig-Forné, and Jorge Resrepo
- Assessing Potential OutputIulia Teodoru
- Fostering Diversification and IntegrationIulia Teodoru
- Investment Drivers in Central America: An Application to El SalvadorJoyce Wong and Heba Hany
- Assessing Potential OutputIulia Teodoru
- Cross-Border Linkages and SpilloversEugenio Cerutti, Ewa Gradzka, Anna Ivanova, Rodrigo Mariscal, and Jaume Puig-Forné
- The Effect of U.S. TaperingPatrick Blagrave, Anna Ivanova, Keiko Honjo, and Jaume Puig-Forné
- Fiscal Sustainability AssessmentLennart Erickson
- Monetary Policy StanceJaume Puig-Forné
- The Impact of Mexico’s Energy Reform on Hydrocarbons ProductionPhil De Imus
- Made in Mexico: The Energy Reform and Manufacturing OutputFabián Valencia And Jorge Alvarez
- Capital Flow Volatility and Investor Behaviour In MexicoJianping Zhou, Han Fei, And Jasmine Xiao
- Global and Regional Spillovers: How Important for Paraguay?Xin Xu
- Debt Sustainability, Cyclical Stabilization, and the Fiscal Responsibility Law—A Simulation ExerciseAlejandro Guerson
- Informality in Paraguay: Macro-Micro Evidence and Policy ImplicationsMauricio Vargas
- Financial Deepening, Growth, and InequalityCamila Perez
- Modeling Demand Responses to Policies and Shocks: An Application to SurinameKalin Tintchev
- Fostering Sustainable and Inclusive Growth in SurinameKalin Tintchev
- What Does Ms. Muffet Tell us About the Macro-Financial Situation in Suriname?Qiaoe Chen
- Fiscal Sustainability and Aging Pressures in SurinameHye Sun (Marie) Kim
- Recent U.S. Labor Participation Dynamics: Reversible or Not?Ravi Balakrishnan, Mai Dao, Juan Solé, and Jeremy Zook
- U.S. Total Factor Productivity Slowdown: Evidence from the United StatesRoberto Cardarelli and Lusine Lusinyan
- Monetary Policy Communication and Forward GuidanceTim Mahedy, Jarkko Turunen, and Niklas Westelius
- The Operational Framework for Monetary PolicyDarryl King and Simon Gray
- Fiscal Risks and Borrowing Costs in State and Local GovernmentsMadelyn Estrada, Deniz Igan, and Dinah Knight
- Inclusive Growth: The Tale of UruguayElif Ture
- How Will the Normalization of U.S. Monetary Policy Affect Uruguay?Diva Singh and Yulia Ustyugova