Abstract
The Q&A in this issue features seven questions about emerging markets and the financial crisis (by Ayhan Kose); the research summaries are "Tax Revenue Response to the Business Cycle" (by Cemile Sancak, Ricardo Velloso, and Jing Xing) and "Banking Crisis Resolution: Was this Time Different?" (by Luc Laeven and Fabian Valencia). The issue also lists the contents of the second issue of the IMF Economic Review, Volume 58 Number 2; visiting scholars at the IMF during October-December 2010; and recent IMF Working Papers and Staff Position Notes.
No. 10/174
Public Debt and Growth
Kumar, Manmohan S.; Woo, Jaejoon
No. 10/175
Public Capital and Growth
Arslanalp, Serkan; Bornhorst, Fabian; Gupta, Sanjeev; Sze, Elsa
No. 10/176
Sudden Stops, Output Drops, and Credit Collapses
Dagher, Jihad
No. 10/177
Some Uncomfortable Arithmetic Regarding Europe’s Public Finances
Velculescu, Delia
No. 10/178
Consensus Forecasts and Inefficient Information Aggregation
Crowe, Christopher W.
No. 10/179
Resource Windfalls and Emerging Market Sovereign Bond Spreads: The Role of Political Institutions
Arezki, Rabah; Bruckner, Markus
No. 10/180
A Method for Calculating Export Supply and Import Demand Elasticities
Tokarick, Stephen
No. 10/181
A New Framework To Estimate the Risk-Neutral Probability Density Functions Embedded in Options Prices
Cheng, Kevin C.
No. 10/182
Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease?
Lama, Ruy; Medina Guzman, Juan Pablo
No. 10/183
A Monetary Policy Model Without Money for India
Patra, Michael; Kapur, Muneesh
No. 10/184
Fiscal Deficits, Public Debt, and Sovereign Bond Yields
Baldacci, Emanuele; Kumar, Manmohan S.
No. 10/185
Output and Unemployment Dynamics during the Great Recession: A Panel Unobserved Components Analysis
Vitek, Francis
Visiting Scholars, October–December 2010
Lawrence Christiano; 4/12/10–4/29/11
Oli Coibion; 5/10/10–11/10/10
Jonas Dovern; 5/10/10–11/10/10
Charles Freedman; 4/30/10–4/29/11
Ulrich Fritsche; 5/10/10–11/10/10
Ila Patnaik; 10/12/10–11/30/10
Thomas Philippon; 12/1/10–12/10/10
Chris Rodrigo; 2/27/10–12/31/10
Ajay Shah; 10/12/10–11/30/10
David Vavra; 11/1/10–4/29/11
No. 10/186
Peaks, Spikes, and Barrels: Modeling Sharp Movements in Oil Prices
Thomas, Alun H.; Mühleisen, Martin; Pant, Malika
No. 10/187
Determinants of Foreign Direct Investment: A Sectoral and Institutional Approach
Walsh, James P; Yu, Jiangyan
No. 10/188
Dedollarization
Kokenyne, Annamaria; Ley, Jeremy; Veyrune, Romain
No. 10/189
Still Minding the Gap - Inflation Dynamics during Episodes of Persistent Large Output Gaps
Meier, André
No. 10/190
Price of Risk - Recent Evidence from Large Financials
Singh, Manmohan; Youssef, Karim
No. 10/191
A Macro Model of the Credit Channel in a Currency Union Member: The Case of Benin
Samaké, Issouf
No. 10/192
The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America
Medina, Leandro
No. 10/193
The Effectiveness of Macroeconomic Commitment in Weak(er) Institutional Environments
Gollwitzer, Sophia; Quintyn, Marc
No. 10/194
Measuring Financial Barriers Among East African Community Countries
Wang, Yi David
No. 10/195
Islamic Banking: How Has it Diffused?
Imam, Patrick A.; Kpodar, Kangni
No. 10/196
Can Global Liquidity Forecast Asset Prices?
Darius, Reginald
No. 10/197
Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy
ElGanainy, Asmaa A; Weber, Anke
No. 10/198
Sustainable Real Exchange Rates in the New EU Member States: What did the Great Recession Change?
Babecky, Jan; Bulir, Ales; SmÃdková, Katerina
No. 10/199
To Starve or not to Starve the Beast?
Kumhof, Michael; Laxton, Douglas; Leigh, Daniel
No. 10/200
Optimal Price Indices for Targeting Inflation Under Incomplete Markets
Anand, Rahul; Prasad, Eswar
No. 10/201
The Effects of the Global Crisis on Islamic and Conventional Banks: A Comparative Study
Hasan, Maher; Dridi, Jemma
No. 10/202
The Unequal Benefits of Fuel Subsidies: A Review of Evidence for Developing Countries
Arze del Granado, Javier; Coady, David
No. 10/203
Data Dissemination Standards and the Statistical Quality of the IMF’s World Economic Outlook Forecasts
Mrkaic, Mico
No. 10/204
Information Content of DQAF Indicators - Empirical Entropy Analysis
Mrkaic, Mico
No. 10/205
The End of an Era? The Medium- and Long-term Effects of the Global Crisis on Growth in Low-Income Countries
Berg, Andrew; Papageorgiou, Chris; Pattillo, Catherine A.; Spatafora, Nicola
No. 10/206
Why Does Bad News Increase Volatility and Decrease Leverage?
Fostel, Ana; Geanakoplos, John
No. 10/207
Investment-Specific Technology Shocks and International Business Cycles: An Empirical Assessment
Rabanal, Pau; Mandelman, Federico; Rubio-Ramirez, Juan F.; Vilan, Diego
No. 10/208
Bank Capital and Uncertainty
Valencia, Fabian
No. 10/209
Commodity Windfalls, Polarization, and Net Foreign Assets: Panel Data Evidence on the Voracity Effect
Arezki, Rabah; Bruckner, Markus
No. 10/210
Mother, Can I trust the Government? Sustained Financial Deepening - A Political Institutions View
Quintyn, Marc; Verdier, Geneviève
No. 10/211
Protection for Free? The Political Economy of U.S. Tariff Suspensions
Mishra, Prachi; Mayda, Anna Maria; Ludema, Rodney D.
No. 10/212
Cyclical Behavior of Inventories and Growth Projections Recent Evidence from Europe and the United States
Clausen, Jens R.; Hoffmaister, Alexander W.
No. 10/213
Adjustment under a Currency Peg: Estonia, Latvia and Lithuania during the Global Financial Crisis 2008-09
Purfield, Catriona; Rosenberg, Christoph B.
No. 10/214
Monetary Transmission of Global Imbalances in Asian Countries
Choi, Woon Gyu; Lee, Il Houng
No. 10/215
International Reserve Adequacy in The Gambia
Tereanu, Eugen
No. 10/216
Cyclicality of Revenue and Structural Balances in South Africa
Aydin, Burcu
No. 10/217
Performance of Fiscal Accounts in South Africa in a Cross-Country Setting
Aydin, Burcu
No. 10/218
Factor Immobility and Regional Impacts of Trade Liberalization Evidence on Poverty from India
Topalova, Petia
No. 10/219
Recent Credit Stagnation in the MENA Region: What to Expect? What Can Be Done?
Barajas, Adolfo; Chami, Ralph; Espinoza, Raphael A.; Hesse, Heiko
No. 10/220
Macroprudential Regulation under Repo Funding
Valderrama, Laura
No. 10/221
Price Dynamics in China
Porter, Nathaniel John
No. 10/222
How Commodity Price Curves and Inventories React to a Short-Run Scarcity Shock
Roache, Shaun K.; Erbil, Nese
No. 10/223
Monetary Transmission in Low Income Countries
Mishra, Prachi; Montiel, Peter; Spilimbergo, Antonio
No. 10/224
Nonperforming Loans in the GCC Banking System and their Macroeconomic Effects
Espinoza, Raphael A.; Prasad, Ananthakrishnan
No. 10/225
What Can International Cricket Teach Us About the Role of Luck in Labor Markets?
Aiyar, Shekhar; Ramcharan, Rodney
No. 10/226
The Euro’s Effect on Trade Imbalances
Berger, Helge; Nitsch, Volker
No. 10/227
A Perspective on Predicting Currency Crises
Flood, Robert P.; Marion, Nancy P.; Yepez, Juan
No. 10/228
Australian Banking System Resilience: What Should Be Expected Looking Forward? An International Perspective
Bologna, Pierluigi
No. 10/229
Government Investment and Fiscal Stimulus
Leeper, Eric M.; Walker, Todd B.; Yang, Shu-Chun S.
No. 10/230
Monetary Policy Matters: New Evidence Based on a New Shock Measure
Barakchian, S. Mahdi; Crowe, Christopher W.
No. 10/231
Financial Frictions, Investment, and Institutions
Claessens, Stijn; Ueda, Kenichi; Yafeh, Yishay
No. 10/232
Restoring Debt Sustainability After Crises: Implications for the Fiscal Mix
Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos
No. 10/233
Bank Lending in Turkey: Effects of Monetary and Fiscal Policies
Aydin, Burcu; Igan, Deniz
No. 10/234
Is Social Spending Procyclical?
Arze del Granado, Javier; Gupta, Sanjeev; Hajdenberg, Alejandro
No. 10/235
International Capital Flows and Development: Financial Openness Matters
Reinhardt, Dennis B. S.; Ricci, Luca Antonio; Tressel, Thierry
No. 10/236
Financial Contagion through Bank Deleveraging: Stylized Facts and Simulations Applied to the Financial Crisis
Tressel, Thierry
No. 10/237
The Impact of the Great Recession on Emerging Markets
Llaudes, Ricardo; Salman, Ferhan; Chivakul, Mali
No. 10/238
Spillovers from Europe into Morocco and Tunisia
De Bock, Reinout; Florea, Daniel; Toujas-Bernate, Joël
No. 10/239
Deconstructing The International Business Cycle: Why Does A U.S. Sneeze Give The Rest Of The World A Cold?
Bayoumi, Tamim; Bui, Trung T
No. 10/240
Business Cycle Fluctuations, Large Shocks, and Development Aid: New Evidence
Dabla-Norris, Era; Minoiu, Camelia; Zanna, Luis-Felipe
IMF Working Papers and other IMF publications can be downloaded in full-text format from the Research at the IMF website: http://www.imf.org/