Abstract
In the December 2013 IMF Research Bulletin, the Research Summaries look at “Reforming Dual Labor Markets in Advanced Economies” (Giovanni Ganelli) and “Rating Through-The-Cycle: What Does the Concept Imply for Rating Stability Accuracy” (John Kiff, Michael Kisser, and Liliana Schumacher). The Q&A discusses Seven Questions on Financial Crises (Stijn Claessens, M. Ayhan Kose, Luc Laeven, and Fabián Valencia). This issue also includes a listing of recent IMF Working Papers and IMF Staff Discussion Notes, as well as Recommended Readings from the IMF Bookstore. The top-viewed articles from recent of issues of “IMF Economic Review” are featured.
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China’s Economy in Transition From External to Internal Rebalancing
edited by Anoop Singh, Malhar Nabar, and Papa N’Diaye
This volume looks at various aspects of the rebalancing under way in China. It focuses on three main themes: the reasons for the decline in China’s current account and signs of growing domestic imbalances; the implications for China’s trading partners; and policy lessons for seeing the process through to achieve a stable, sustainable, and more inclusive transformation of China’s growth model.
© 2013. 292 pp. Paperback. ISBN 978-1-48430-393-1. Stock# CETEDEA. Price: $30
Energy Subsidy Reform
Lessons and Implications
edited by Benedict Clements, David Coady, Stefania Fabrizio, Sanjeev Gupta, Trevor Alleyne, and Carlo Sdralevich
Energy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment. This book provides the most comprehensive estimates of energy subsidies currently available for 176 countries. It also presents an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by IMF staff and analyses carried out by other institutions.
© 2013. 194 pp. Paperback. ISBN 978-1-47555-811-1. Stock# ESRLIEA. Price: $28
Boom, Bust, or Prosperity?
Managing Sub-Saharan Africa’s Natural Resource Wealth
Charlotte Lundgren, Alun Thomas, and Robert York
This publication outlines the main policy considerations and options in managing natural resource wealth, drawing on experience within and outside sub-Saharan Africa and referring closely to the latest analysis and policy advice in this area by the IMF, the World Bank, and leading academic research. A key feature of each chapter is a recommended reading list highlighting more in-depth material on these issues to further inform policymakers and other stakeholders on the theoretical and analytical underpinnings of the policy advice.
© 2013. 82 pp. Paperback ISBN 978-1-48436-932-6. Stock # MNRSSAEA. Price: $25
For more information on these titles and other IMF publications, please visit www.imfbookstore.org