Staff Discussion Notes

The June issue of the IMF Research Bulletin looks at the role of IMF programs and capacity building in fostering structural reforms and the economics of Arab countries undergoing political transitions. The Q&A analyzes the neutral interest rate through the experiences of several Latin American countries. The Research Bulletin also includes its regular features: a listing of IMF Working Papers and Staff Discussion Notes, information on the forthcoming IMF Economic Review and the Fourteenth Jacques Polack Annual Research Conference, and recommended readings from IMF Publications.

Abstract

The June issue of the IMF Research Bulletin looks at the role of IMF programs and capacity building in fostering structural reforms and the economics of Arab countries undergoing political transitions. The Q&A analyzes the neutral interest rate through the experiences of several Latin American countries. The Research Bulletin also includes its regular features: a listing of IMF Working Papers and Staff Discussion Notes, information on the forthcoming IMF Economic Review and the Fourteenth Jacques Polack Annual Research Conference, and recommended readings from IMF Publications.

IMF Research Bulletin

M. Ayhan Kose

Editor

Prakash Loungani

Co-Editor

Patricia Loo

Assistant Editor

Tracey Lookadoo

Editorial Assistant

Feras Abu Amra

Systems Consultant

Multimedia Services

Composition

The IMF Research Bulletin

(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 resbulletin@imf.org.

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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: www.imf.org/external/pubs/cat/createx/Publications.aspx?page=sdn

No. 13/01

A Banking Union for the Euro Area

Rishi Goyal, Petya Koeva Brooks, Mahmood Pradhan, Thierry Tressel, Giovanni Dell’Ariccia, Ross Leckow, Ceyla Pazarbasioglu, and an IMF Staff Team

No. 13/02

Labor Market Policies and IMF Advice in Advanced Economies During the Great Recession

Olivier Blanchard, Florence Jaumotte, and Prakash Loungani

No. 13/03

Rethinking Macro Policy II: Getting Granular

Olivier Blanchard, Giovanni Dell’Ariccia, and Paolo Mauro

No. 13/04

Creating a Safer Financial System: Will the Volcker, Vickers, and Liikanen Structural Measures Help?

José Viñals, Ceyla Pazarbasioglu, Jay Surti, Aditya Narain, Michaela Erbenova, and Julian Chow