The Q&A in this issue features seven questions on the role of precautionary savings in open economies (by Damiano Sandri); the research summaries are "The Macroeconomics of Aid (by Andrew Berg, Rafael Portillo, and Luis-Felipe Zanna) and "The Building Blocks to Measure Inflation" (by Mick Silver). The issue also lists the contents of the March 2011 issue of the IMF Economic Review, Volume 59 Number 1; visiting scholars at the IMF during January?March 2011; and recent IMF Working Papers and Staff Discussion Notes.
On the Distributive Effects of Terms of Trade Shocks: The Role of Non-tradable Goods
Galiani, Sebastian; Heymann, Daniel; Magud, Nicolas E.
Crisis and Recovery: Role of the Exchange Rate Regime in Emerging Market Countries
Tsangarides, Charalambos G.
Monetary and Fiscal Policy Interactions in the Post-war U.S.
Traum, Nora; Yang, Shu-Chun S.
After the Crisis: Assessing the Damage in Italy
Morsy, Hanan; Sgherri, Silvia
A Historical Public Debt Database
Abbas, S. M. Ali; Belhocine, Nazim; ElGanainy, Asmaa A; Horton, Mark A.
Forecasting U.S. Investment
Lee, Jaewoo; Rabanal, Pau
Bankers Without Borders? Implications of Ring-Fencing for European Cross-Border Banks
Cerutti, Eugenio; Ilyina, Anna; Makarova, Yulia; Schmieder, Christian
Structural Breaks in Fiscal Performance: Did Fiscal Responsibility Laws Have Anything to Do with Them?
Caceres, Carlos; Corbacho, Ana; Medina, Leandro
Asset Prices in Affine Real Business Cycle Models
Malkhozov, Aytek; Shamloo, Maral
Assessing the Risk of Private Sector Debt Overhang in the Baltic Countries
Riding the Roller Coaster: Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean
Villafuerte, Mauricio; Lopez Murphy, Pablo; Ossowski, Rolando
Post-Crisis Fiscal Policy Priorities for the ASEAN-5
Budina, Nina T; Tuladhar, Anita
IMF Applications of Purchasing Power Parity Estimates
Should Advanced Countries Adopt a Fiscal Responsibility Law?
Determinants of the Foreign Exchange Risk Premium in Gulf Cooperation Council Countries
Slowdown of Credit Flows in Jordan in the Wake of the Global Financial Crisis: Supply or Demand Driven?
Bilateral Financial Linkages and Global Imbalances: a View on The Eve of the Financial Crisis
Milesi-Ferretti, Gian Maria; Strobbe, Francesco; Tamirisa, Natalia T.
On the Estimation of Term Structure Models and An Application to the United States
Gasha, Jose Giancarlo; He, Ying; Medeiros, Carlos I.; Rodriguez, Marco; Salvati, Jean; Yi, Jiangbo
Unemployment and Productivity in the Long Run: the Role of Macroeconomic Volatility
Benigno, Pierpaolo; Ricci, Luca Antonio; Surico, Paolo
Government Involvement in Corporate Debt Restructuring: Case Studies from the Great Recession
Grigorian, David A.; Raei, Faezeh
Do Credit Shocks Matter? A Global Perspective
Helbling, Thomas; Huidrom, Raju; Kose, M. Ayhan; Otrok, Christopher
Emerging Asia’s Impact on Australian Growth: Some Insights From GEM
A New Index of Currency Mismatch and Systemic Risk
Ranciere, Romain; Tornell, Aaron; Vamvakidis, Athanasios
Private Sector Consumption and Government Consumption and Debt in Advanced Economies: An Empirical Study
Bhattacharya, Rina; Mukherjee, Sanchita
What Caused the Global Financial Crisis - Evidence on the Drivers of Financial Imbalances 1999-2007
Nier, Erlend; Merrouche, Ouarda
Financial Innovation and Risk: The Role of Information
Growth and Crisis, Unavoidable Connection?
Inequality, Leverage and Crises
Kumhof, Michael; Ranciere, Romain
Export Tax and Pricing Power: Two Hypotheses on the Cocoa Market in Côte d’Ivoire
The Transmission Mechanism in Armenia: New Evidence from a Regime Switching VAR Analysis
Bordon, Anna R; Weber, Anke
When and Why Worry About Real Exchange Rate Appreciation? The Missing Link between Dutch Disease and Growth
Magud, Nicolas E; Sosa, Sebastian
A Status Update on Fiscal Exit Strategies
Bornhorst, Fabian; Budina, Nina T; Callegari, Giovanni; El-Ganainy, Asmaa A.; Gomez Sirera, Raquel; Lemgruber, Andrea; Schaechter, Andrea; Shin, Joong B
Are House Prices Rising Too Fast in Hong Kong SAR?
Ahuja, Ashvin; Porter, Nathaniel John
Are House Prices Rising Too Fast in China?
Ahuja, Ashvin; Cheung, Lillian; Han, Gaofeng; Porter, Nathaniel John; Zhang, Wenlang
The Chinese Corporate Savings Puzzle: A Firm-Level Cross-Country Perspective
Bayoumi, Tamim; Tong, Hui; Wei, Shang-Jin
Monetary Policy, Leverage, and Bank Risk-Taking
Dell’Ariccia, Giovanni; Laeven, Luc; Marquez, Robert
Can Covered Bonds Resuscitate Residential Mortgage Finance in the United States?
U.S. Monetary Shocks and Global Stock Prices
Laeven, Luc; Tong, Hui
A Note on Terms of Trade Shocks and the Wage Gap
Coble Fernandez, David O; Magud, Nicolas E
Managing Public Debt and Its Financial Stability Implications
Das, Udaibir S.; Papaioannou, Michael G; Pedras, Guilherme; Ahmed, Faisal; Surti, Jay
Determinants of Emerging Market Sovereign Bond Spreads: Fundamentals vs Financial Stress
Bellas, Dimitri; Papaioannou, Michael G; Petrova, Iva
Into the Great Unknown: Stress Testing with Weak Data
Ong, Li L.; Maino, Rodolfo; Duma, Nombulelo
The Cost of Private Debt Over the Credit Cycle
Aykut, Dilek; Francis, Johanna L.; Tereanu, Eugen
Transforming China: Insights from the Japanese Experience of the 1980s
N’Diaye, Papa M’B. P.
Estimating Potential Output with a Multivariate Filter
Benes, Jaromir; Clinton, Kevin; Garcia-Saltos, Roberto; Johnson, Marianne; Laxton, Douglas; Manchev, Petar; Matheson, Troy
Bank Capital: Lessons from the Financial Crisis
DemirgüçKunt, Asli; Detragiache, Enrica; Merrouche, Ouarda
Workers’ Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence
Barajas, Adolfo; Chami, Ralph; Hakura, Dalia; Montiel, Peter
Estimating a Structural Model of Herd Behavior in Financial Markets
Cipriani, Marco; Guarino, Antonio
Income Uncertainty and Household Savings in China
Chamon, Marcos; Liu, Kai; Prasad, Eswar
Export versus FDI in Services
Bhattacharya, Rudrani; Patnaik, Ila; Shah, Ajay
What Drives House Prices in Australia? A Cross-Country Approach
Tumbarello, Patrizia; Wang, Shengzu
Weathering the Global Storm: The Benefits of Monetary Policy Reform in the LA5 Countries
Canales Kriljenko, Jorge Iván; Jácome, Luis Ignacio; Alichi, Ali; de Oliveira Lima, Ivan Luis
Rebalancing in Japan: The Role of Private Consumption
Japan’s Quest for Growth: Exploring the Role of Capital and Innovation
Syed, Murtaza H.; Lee, Jinsook
European Financial Linkages: A New Look at Imbalances
Waysand, Claire; Ross, Kevin; De Guzman, John C
Learning About Inflation Measures for Interest Rate Rules
Airaudo, Marco; Zanna, Luis-Felipe
Macroeconomic Effects of Public Pension Reforms
Karam, Philippe D; Muir, Dirk; Pereira, Joana; Tuladhar, Anita
A Barrel of Oil or a Bottle of Wine: How Do Global Growth Dynamics Affect Commodity Prices?
Cevik, Serhan; Sedik, Tahsin Saadi
The Chilean Output Gap
Magud, Nicolas E.; Medina, Leandro
How Does Trade Evolve in the Aftermath of Financial Crises?
Abiad, Abdul; Mishra, Prachi; Topalova, Petia
Asian Financial Integration: Trends and Interruptions
Borensztein, Eduardo; Loungani, Prakash
Monetary Policy Transmission in an Emerging Market Setting
Bhattacharya, Rudrani; Patnaik, Ila; Shah, Ajay
The Effects of Housing Prices and Monetary Policy in a Currency Union
Aspachs-Bracons, Oriol; Rabanal, Pau
India’s Financial Globalisation
Shah, Ajay; Patnaik, Ila
Sources of Corporate Profits in India—Business Dynamism or Advantages of Entrenchment?
Mody, Ashoka; Nath, Anusha; Walton, Michael
Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate
Kinda, Tidiane; Combes, Jean-Louis; Plane, Patrick
What Is Driving Financial De-dollarization in Latin America?
Garcia-Escribano, Mercedes; Sosa, Sebastian
The Spanish Labor Market in a Cross-Country Perspective
How Does Political Instability Affect Economic Growth?
Aisen, Ari; Veiga, Francisco José
The Impact of Fiscal Consolidation and Structural Reforms on Growth in Japan
Interpreting Currency Movements During the Crisis: What’s the Role of Interest Rate Differentials?
Dowling, Thomas; Batini, Nicoletta
To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession
Nakane, Masato; Steinberg, Chad
Trade and Trade Finance in the 2008-09 Financial Crisis
Niculcea, Ioana; Asmundson, Irena; Dorsey, Thomas William; Khachatryan, Armine; Saito, Mika
Strengthening Chile’s Rule-Based Fiscal Framework
Dabán Sánchez, Teresa
Determinants of Remittances: Evidence from Tonga
Investment Objectives of Sovereign Wealth Funds - A Shifting Paradigm
Kunzel, Peter; Lu, Yinqiu; Petrova, Iva; Pihlman, Jukka
Armenia: An Assessment of the Real Exchange Rate and Competitiveness
Weber, Anke; Yang, Chunfang
Government Debt Issuance in the Euro Area: The Impact of the Financial Crisis
de Broeck, Mark; Guscina, Anastasia
Exploration of the Brazilian Term Structure in a Hidden Markov Framework
Consolidated Regulation and Supervision in the United States
Bhatia, Ashok Vir
Overborrowing, Financial Crises and “Macro-prudential” Policy?
Bianchi, Javier; Mendoza, Enrique G.
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