Journal Issue

Staff Discussion Notes

International Monetary Fund. Research Dept.
Published Date:
December 2016
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Staff Discussion Notes showcase new policy-related analysis and research by IMF departments. These papers are generally brief and written in nontechnical language, and are aimed at a broad audience interested in economic policy issues. For more information on this series and to download the papers in this series, please visit:

No. 16/08

The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa

Björn Rother, Gaëlle Pierre, Davide Lombardo, Risto Herrala, Priscilla Toffano, Erik Roos, Greg Auclair, and Karina Manasseh

No. 16/09

Macroeconomic Management When Policy Space Is Constrained: A Comprehensive, Consistent, and Coordinated Approach to Economic Policy

Vitor Gaspar, Maurice Obstfeld, and Ratna Sahay

Other authors: Douglas Laxton (Team Leader), Dennis Botman, Kevin Clinton, Romain Duval, Kotaro Ishi, Zoltan Jakab, Laura Jaramillo Mayor, Constant Lonkeng Ngouana, Tommaso Mancini Griffoli, Joannes Mongardini, Susanna Mursula, Erlend Nier, Yulia Ustyugova, Hou Wang, and Oliver Wuensch

IMF Research Bulletin

Rabah Arezki Editor

Prakash Loungani Co-Editor

Patricia Loo Assistant Editor

Tracey Lookadoo Editorial Assistant

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(ISSN: 1020-8313) is a quarterly publication in English and is available free of charge. The views expressed in the Bulletin are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Material from the Bulletin may be reprinted with proper attribution. Editorial correspondence may be addressed to The Editor, IMF Research Bulletin, IMF, Room HQ1-9-612, Washington, DC 20431 USA; or e-mailed to

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