June 2011: The Q&A in this issue features seven questions on the global trade collapse of 2008-09 (by Rudolfs Bems); the research summaries are "The Impact of the Great Recession on Emerging Markets" (by Ricardo Llaudes, Ferhan Salman, and Mali Chivakul) and "The Missing Link between Dutch Disease, Appreciation, and Growth (by Nicolás E. Magud and Sebastián Sosa). The issue also lists the contents of the June 2011 issue of the IMF Economic Review, Volume 59 Number 2; visiting scholars at the IMF during April-June 2011; and recent IMF Working Papers and Staff Discussion Notes.
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.
Policies for Macrofinancial Stability: Options to Deal with Real Estate Booms
Christopher Crowe, Giovanni Dell’Ariccia, Deniz Igan, and Pau Rabanal
(Why) Should Current Account Balances Be Reduced?
Olivier Blanchard and Gian Maria Milesi-Ferretti
Subsidiaries or Branches: Does One Size Fit All?
Jonathan Fiechter, İnci Ötker-Robe, Anna Ilyina, Michael Hsu, André Santos, and Jay Surti
Crisis Management and Resolution: Early Lessons from the Financial Crisis
Stijn Claessens, Ceyla Pazarbasioglu, Luc Laeven, Marc Dobler, Fabian Valencia, Oana Nedelescu, and Katharine Seal
Managing Capital Inflows: What Tools to Use?
Jonathan D. Ostry, Atish R. Ghosh, Karl Habermeier, Luc Laeven, Marcos Chamon, Mahvash S. Qureshi, and Annamaria Kokenyne
Managing Abundance to Avoid a Bust in Latin America
Nicolás Eyzaguirre, Martin Kaufman, Steven Phillips, and Rodrigo Valdés
Inequality and Unsustainable Growth: Two Sides of the Same Coin?
Andrew G. Berg and Jonathan D. Ostry
A Fiscal Indicator for Assessing First and Second Pillar Pension Reforms
Mauricio Soto, Benedict Clements, and Frank Eich
Policy Responses to Capital Flows in Emerging Markets
Mahmood Pradhan, Ravi Balakrishnan, Reza Baqir, Geoffrey Heenan, Sylwia Nowak, Ceyda Oner, and Sanjaya Panth
Tax Biases to Debt Finance: Assessing the Problem, Finding Solutions
Ruud A. de Mooij