This issue of the IMF Research Bulletin opens with a letter from the new editor, Rabah Arezki. The Research Summaries are a "Primer on 'Global Liquidity'" (Eugenio Cerutti, Stijn Claessens, and Lev Ratnovski); and "Trade Integration adn Business Cycle Synchronization" (Kevin Cheng, Romain Duval, and Dulani Senevirante). The Q&A column looks at "Seven Questions on the Global Housing Markets" (Hites Ahir, Heedon Kang, and Prakash Loungani). September 2014 issue of the Bulletin also includes updates on IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore, as well as special announcements on new staff publications and the Fifteenth Annual Jacques Polak Research Conference. Also included is information on the latest issue of �IMF Economic Review� with a link to an article by Paul Krugman.
Getting Energy Prices Right
edited by Ian W. H. Parry, Dirk Heine, Eliza Lis, and Shanjun Li
Energy taxes can produce substantial environmental and revenue benefits. This book shows how the major environmental damages from energy can be quantified for different countries and used to design an efficient set of energy taxes. The results, which are illustrated for more than 150 countries, suggest there is pervasive mispricing of energy across developed and developing countries alike. At a global level, implementing efficient energy prices would reduce carbon emissions by an estimated 23 percent and fossil-fuel air pollution deaths by 63 percent.
$28. English. © 2014. 194 pp. Paperback. ISBN 978-1-48438-857-0. Stock # GEPRPPEA
Administering Fiscal Regimes for Extractive Industries: A Handbook
by Jack Calder
Effective administration of government tax revenues is essential if countries are to enjoy the full benefit of their natural resources. This handbook explains administrative challenges arising from natural resource revenues. It discusses how natural resource fiscal regimes can be designed to meet appropriate policy objectives without creating unnecessary administrative complexity. It also provides a useful framework for both governments and their advisers to assess and strengthen resource revenue administration.
$25. English. © 2014. 120 pp. Paperback. ISBN 9781475575170.
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 the IMF staff and analyses carried out by other institutions.
$28. English. © 2013. 194 pp. Paperback. ISBN 978-1-47555-811-1.
For more information on these titles and other IMF publications, please visit www.imfbookstore.org/rbj