- International Monetary Fund. Western Hemisphere Dept.
- Published Date:
- April 2015
List of Country Abbreviations
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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 Framework
Jacques Bouhga-Hagbe and Marcio Ronci
Canada’s Non-Energy Exports: Assessment of Post-Crisis Growth Performance
Neutral Rate of Interest in a Small Open Economy: The Case of Canada
Anchoring Sustainable Fiscal Policy: A New Fiscal Rule in Canada
Why Foreign Ownership of Locally Issued Sovereign Bonds is So Low in Chile
Chile’s Experience with Inclusive Growth
Chile’s Tax System and the 2014 Tax Reform
Daniel Rodríguez-Delgado and Roberto Schatan
Chilean Banks’ Loan to Deposits Ratio
Chile’s Insurance Sector
Assessing Spillover Risks
Pablo Morra, Mauricio Ruiz, Carlos Goes, and Eugenio Cerutti
Colombia’s Fiscal Rule and Adjustment in the Context of Resource Wealth
Leonardo 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 Issues
Izabela Karpowicz and Mohamed Norat
Financial Inclusion, Growth, and Inequality: A Model Application to Colombia
Selected Real Sector Issues
Patrick Blagrave, Jose Pablo Valdes, and Joyce Wong
Cross-Border Linkages and Spillovers
Patrick Blagrave, Eugenio Cerutti, Ewa Gradzka, Anna Ivanova, Rodrigo Mariscal, and Jaume Puig-Forné
Assessing Fiscal Vulnerability and Medium-Term Sustainability
Jaume Puig-Forné, Lennart Erickson, and Anna Ivanova
The Central Bank’s Net Worth
Jorge Restrepo and Evelyn Muñoz
Monetary Policy and Inflation
Rodrigo Mariscal, Anna Ivanova, and Joyce Wong
Transition to a Flexible Exchange Rate: Lessons from Past Experience
Lennart Erickson, Anna Ivanova, and Jorge Restrepo
Financial Sector Issues
Anna Ivanova, Jaume Puig-Forné, and Jorge Resrepo
Assessing Potential Output
Fostering Diversification and Integration
Investment Drivers in Central America: An Application to El Salvador
Joyce Wong and Heba Hany
Assessing Potential Output
Cross-Border Linkages and Spillovers
Eugenio Cerutti, Ewa Gradzka, Anna Ivanova, Rodrigo Mariscal, and Jaume Puig-Forné
The Effect of U.S. Tapering
Patrick Blagrave, Anna Ivanova, Keiko Honjo, and Jaume Puig-Forné
Fiscal Sustainability Assessment
Monetary Policy Stance
The Impact of Mexico’s Energy Reform on Hydrocarbons Production
Phil De Imus
Made in Mexico: The Energy Reform and Manufacturing Output
Fabián Valencia And Jorge Alvarez
Capital Flow Volatility and Investor Behaviour In Mexico
Jianping Zhou, Han Fei, And Jasmine Xiao
Global and Regional Spillovers: How Important for Paraguay?
Debt Sustainability, Cyclical Stabilization, and the Fiscal Responsibility Law—A Simulation Exercise
Informality in Paraguay: Macro-Micro Evidence and Policy Implications
Financial Deepening, Growth, and Inequality
Modeling Demand Responses to Policies and Shocks: An Application to Suriname
Fostering Sustainable and Inclusive Growth in Suriname
What Does Ms. Muffet Tell us About the Macro-Financial Situation in Suriname?
Fiscal Sustainability and Aging Pressures in Suriname
Hye 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 States
Roberto Cardarelli and Lusine Lusinyan
Monetary Policy Communication and Forward Guidance
Tim Mahedy, Jarkko Turunen, and Niklas Westelius
The Operational Framework for Monetary Policy
Darryl King and Simon Gray
Fiscal Risks and Borrowing Costs in State and Local Governments
Madelyn Estrada, Deniz Igan, and Dinah Knight
Inclusive Growth: The Tale of Uruguay
How Will the Normalization of U.S. Monetary Policy Affect Uruguay?
Diva Singh and Yulia Ustyugova