Journal Issue

IMF Working Papers

International Monetary Fund. Research Dept.
Published Date:
December 2013
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Working Paper 13/179

Dismal Employment Growth in EU Countries: The Role of Corporate Balance Sheet Repair and Dual Labor Markets

Bas B. Bakker; Li Zeng

Working Paper 13/180

Testing the Prebisch-Singer Hypothesis since 1650: Evidence from Panel Techniques that Allow for Multiple Breaks

Rabah Arezki; Kaddour Hadri; Prakash Loungani; Yao Rao

Working Paper 13/181

The Driving Force Behind the Boom and Bust in Construction in Europe

Yan Sun; Pritha Mitra; Alejandro Simone

Working Paper 13/182

Assessing the Impact and Phasing of Multi-Year Fiscal Adjustment: A General Framework

Ran Bi; Haonan Qu; James Roaf

Working Paper 13/183

Capital Flows Are Fickle: Anytime, Anywhere

John C. Bluedorn; Rupa Duttagupta; Jaime Guajardo; Petia Topalova

Working Paper 13/184

Cooperative and Islamic Banks: What Can They Learn from Each Other?

Saeed Al-Muharrami; Daniel C. Hardy

Working Paper 13/185

Two Sides of the Same Coin?

Rebalancing and Inclusive Growth in China

Il Houng Lee; Murtaza Syed; Xin Wang

Working Paper 13/186

Collateral and Monetary Policy

Manmohan Singh

Working Paper 13/187

Waste Not, Want Not: The Efficiency of Health Expenditure in Emerging and Developing Economies

Francesco Grigoli; Javier Kapsoli

Working Paper 13/188

Resource Dependence and Fiscal Effort in Sub-Saharan Africa

Alun H. Thomas; Juan P. Treviño

Working Paper 13/189

Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China

Tamim Bayoumi; Franziska Ohnsorge

Working Paper 13/190

Unconventional Monetary Policy and Asset Price Risk

Shaun K. Roache; Marina V. Rousset

Working Paper 13/191

Shock from Graying: Is the Demographic Shift Weakening Monetary Policy Effectiveness

Patrick A. Imam

Working Paper 13/192

Inflation and Output Comovement in the Euro Area: Love at Second Sight?

Michal Andrle; Jan Bruha; Serhat Solmaz

Working Paper 13/193

Procyclical Behavior of Institutional Investors During the Recent Financial Crisis: Causes, Impacts, and Challenges

Michael G. Papaioannou; Joonkyu Park; Jukka Pihlman; Han van der Hoorn

Working Paper 13/194

Cross-Country Linkages in Europe: A Global VAR Analysis

Yan Sun; Frigyes F Heinz; Giang Ho

Working Paper 13/195

Distributional Consequences of Fiscal Consolidation and the Role of Fiscal Policy: What Do the Data Say?

Jaejoon Woo; Elva Bova; Tidiane Kinda; Yuanyan Sophia Zhang

Working Paper 13/196

Is Labor Market Mismatch a Big Deal in Japan?

Ippei Shibata

Working Paper 13/197

The Monetary Transmission Mechanism in the Tropics: A Narrative Approach

Andrew Berg; Luisa Charry; Rafael A Portillo; Jan Vlcek

Working Paper 13/198

The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism?

Davide Furceri; Aleksandra Zdzienicka

Working Paper 13/199

Addressing Interconnectedness: Concepts and Prudential Tools

Nicolas Arregui; Mohamed Norat; Antonio Pancorbo; Jodi G. Scarlata; Eija Holttinen; Fabiana Melo; Jay Surti; Christopher Wilson; Rodolfo Wehrhahn; Mamoru Yanase

Working Paper 13/200

Solving and Estimating Indeterminate DSGE Models

Roger Farmer; Vadim Khramov

Working Paper 13/201

Africa’s Got Work to Do: Employment Prospects in the New Century

Louise Fox; Cleary Haines; Jorge Huerta Munoz; Alun H. Thomas

Working Paper 13/202

The Path to Higher Growth: Does Revamping Japan’s Dual Labor Market Matter?

Chie Aoyagi; Giovanni Ganelli

Working Paper 13/203

Do Asset Price Drops Foreshadow Recessions?

John C. Bluedorn; Jörg Decressin; Marco Terrones

Working Paper 13/204

Enhancing China’s Medium-Term Growth Prospects: The Path to a High-Income Economy

Malhar Nabar; Papa N’Diaye

Working Paper 13/205

Territorial vs. Worldwide Corporate Taxation: Implications for Developing Countries

Thornton Matheson; Victoria J. Perry; Chandara Veung

Working Paper 13/206

State-Owned Banks and Fiscal Discipline

Jesus Gonzalez-Garcia; Francesco Grigoli

Working Paper 13/207

The Composition of Fiscal Consolidation Matters: Policy Simulations for Hungary

Alejandro D. Guerson

Working Paper 13/208

Fragmentation and Monetary Policy in the Euro Area

A. J. Al-Eyd; Pelin Berkmen

Working Paper 13/209

Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area

Dominic Quint; Pau Rabanal

Working Paper 13/210

Trade Linkages, Balance Sheets, and Spillovers: The Germany-Central European Supply Chain

Selim Elekdag; Dirk Muir

Working Paper 13/211

Fiscal Consolidation in the Euro Area: How Much Can Structural Reforms Ease the Pain?

Derek Anderson; Ben Hunt; Stephen Snudden

Working Paper 13/212

Estimating Parameters of Short-Term Real Interest Rate Models

Vadim Khramov

Working Paper 13/213

Outlook for Interest Rates and Japanese Banks’ Risk Exposures Under Abenomics

Serkan Arslanalp; Raphael W. Lam

Working Paper 13/214

The Economic Performance Index (EPI): An Intuitive Indicator for Assessing a Country’s Economic Performance Dynamics in an Historical Perspective

Vadim Khramov; John Ridings Lee

Working Paper 13/215

Inclusive Growth and Inequality in Senegal

Alexei Kireyev

Working Paper 13/216

Fiscal Discipline in WAEMU: Rules, Institutions, and Markets

Ermal Hitaj; Yasin Kursat Onder

Working Paper 13/217

Growth Following Investment and Consumption-Driven Current Account Crises

Alexander Klemm

Working Paper 13/218

Modeling Banking, Sovereign, and Macro Risk in a CCA Global VAR

Dale F. Gray

Working Paper 13/219

Shining a Light on the Mysteries of State: The Origins of Fiscal Transparency in Western Europe

Timothy Irwin

Working Paper 13/220

The Role of Domestic and External Shocks in Poland: Results from an Agnostic Estimation Procedure

Michal Andrle; Roberto Garcia-Saltos; Giang Ho

Working Paper 13/221

Taxation and Corporate Debt: Are Banks Any Different?

Jost Heckemeyer; Ruud A. de Mooij

Working Paper 13/222

The Big Split: Why Did Output Trajectories in the ASEAN-4 Diverge after the Global Financial Crisis?

Agnes Isnawangsih; Vladimir Klyuev; Longmei Zhang

Working Paper 13/223

Global Factors in the Term Structure of Interest Rates

Mirko Abbritti; Salvatore Dell’Erba; Antonio Moreno; Sergio Sola

Working Paper 13/224

The International Monetary System: Where Are We and Where Do We Need to Go?

Rakesh Mohan; Michael Debabrata Patra; Muneesh Kapur

Working Paper 13/225

Spillovers to and from the Nordic Economies: A Macroeconometric Model Based Analysis

Francis Vitek

Working Paper 13/226

Making Monetary Policy More Effective: The Case of the Democratic Republic of the Congo

Felix Fischer; Charlotte J. Lundgren; Samir Jahjah

Working Paper 13/227

Sovereign Risk and Belief-Driven Fluctuations in the Euro Area

Giancarlo Corsetti; Keith Kuester; André Meier; Gernot J. Mueller

Working Paper 13/228

The Curious Case of the Yen as a Safe Haven Currency: A Forensic Analysis

Dennis P. J. Botman; Irineu E. Carvalho Filho; Raphael W. Lam

Working Paper 13/229

Cyclical Fiscal Rules for Oil-Exporting Countries

Stephen Snudden

Working Paper 13/230

Fiscal Consolidations and Growth: Does Speed Matter?

Steven Pennings; Esther Pérez Ruiz

Working Paper 13/231

Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management

Abdullah Al-Hassan; Michael G. Papaioannou; Martin Skancke; Cheng Chih Sung

Working Paper 13/232

Rules of Thumb for Bank Solvency Stress Testing

Daniel C. Hardy; Christian Schmieder

Working Paper 13/233

Bailouts and Systemic Insurance

Giovanni Dell’Ariccia; Lev Ratnovski

Working Paper 13/234

International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions

Rui Albuquerque; Luis Brandao-Marques; Miguel A. Ferreira; Pedro Matos

IMF Working Papers and other IMF publications can be downloaded from the Research at the IMF website:

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