IMF Working Papers
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar
Close

The December 2015 IMF Research Bulletin features a sampling of key research from the IMF. The Research Summaries in this issue look at 'The Impact of Deflation and Lowflation on Fiscal Aggregates (Nicolas End, Sampawende J.-A. Tapsoba, Gilbert Terrier, and Renaud Duplay); and 'Oil Exporters at the Crossroads: It Is High Time to Diversify' (Reda Cherif and Fuad Hasanov). Mahvash Saeed Qureshi provides an overview of the fifth Lindau Meeting in Economics in 'Meeting the Nobel Giants.' In the Q&A column on 'Seven Questions on Financial Frictions and the Sources of the Business Cycle, Marzie Taheri Sanjani looks at the driving forces of the business cycle and macroeconomic models. The top-viewed articles in 2014 from the IMF Economic Review are highlighted, along with recent IMF Working Papers, Staff Discussion Notes, and IMF publications.

Abstract

The December 2015 IMF Research Bulletin features a sampling of key research from the IMF. The Research Summaries in this issue look at 'The Impact of Deflation and Lowflation on Fiscal Aggregates (Nicolas End, Sampawende J.-A. Tapsoba, Gilbert Terrier, and Renaud Duplay); and 'Oil Exporters at the Crossroads: It Is High Time to Diversify' (Reda Cherif and Fuad Hasanov). Mahvash Saeed Qureshi provides an overview of the fifth Lindau Meeting in Economics in 'Meeting the Nobel Giants.' In the Q&A column on 'Seven Questions on Financial Frictions and the Sources of the Business Cycle, Marzie Taheri Sanjani looks at the driving forces of the business cycle and macroeconomic models. The top-viewed articles in 2014 from the IMF Economic Review are highlighted, along with recent IMF Working Papers, Staff Discussion Notes, and IMF publications.

Working Paper 14/144

Credit Quality in Developing Economies: Remittances to the Rescue?

Christian Ebeke; Boileau Loko; Arina Viseth

Working Paper 14/145

Capital Flow Deflection

Paolo Giordani; Michele Ruta; Hans Weisfeld; Ling Zhu

Working Paper 14/146

Friedman Redux: External Adjustment and Exchange Rate Flexibility

Atish R. Ghosh; Mahvash Saeed Qureshi; Charalambos G. Tsangarides

Working Paper 14/147

Do the Type of Sukuk and Choice of Shari’a Scholar Matter?

Christophe Godlewski; Rima Turk Ariss; Laurent Weill

Working Paper 14/148

Public Investment as an Engine of Growth

Andrew M. Warner

Working Paper 14/149

Islamic Finance in Sub-Saharan Africa: Status and Prospects

E. Gelbard; Mumtaz Hussain; Rodolfo Maino; Yibin Mu; Etienne B. Yehoue

Working Paper 14/150

How Solid Is Economic Growth in the East African Community?

Nikoloz Gigineishvili; Paolo Mauro; Ke Wang

Working Paper 14/151

Global Imbalances and External Adjustment after the Crisis

Philip R. Lane; Gian-Maria Milesi-Ferretti

Working Paper 14/152

The Effects of Unconventional Monetary Policies on Bank Soundness

Frederic Lambert; Kenichi Ueda

Working Paper 14/153

Unemployment and Structural Unemployment in the Baltics

Christian Ebeke; Greetje Everaert

Working Paper 14/154

After the Boom—Commodity Prices and Economic Growth in Latin America and the Caribbean

Bertrand Gruss

Working Paper 14/155

Macro-Prudential Policies to Mitigate Financial System Vulnerabilities

Stijn Claessens; Swati R. Ghosh; Roxana Mihet

Working Paper 14/156

Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets

Nasha Ananchotikul; Longmei Zhang

Working Paper 14/157

Capital Flows, Financial Intermediation and Macroprudential Policies

Matteo Ghilardi; Shanaka J. Peiris

Working Paper 14/158

Pacific Island Countries: In Search of a Trade Strategy

Hong Chen; Lanieta Rauqeuqe; Shiu raj Singh; Yiqun Wu; Yongzheng Yang

Working Paper 14/159

Introducing a Semi-Structural Macroeconomic Model for Rwanda

Luisa Charry; Pranav Gupta; Vimal Thakoor

Working Paper 14/160

Conventional and Insidious Macroeconomic Balance-Sheet Crises

Bas B. Bakker; Leslie Lipschitz

Working Paper 14/161

Measuring External Risks for Peru: Insights from a Macroeconomic Model for a Small Open and Partially Dollarized Economy

Fei Han

Working Paper 14/162

Sovereign Debt Composition in Advanced Economies: A Historical Perspective

S. M. Ali Abbas; Laura Blattner; Mark De Broeck; Asmaa El-Ganainy; Malin Hu

Working Paper 14/163

Determinants of Banks’ Net Interest Margins in Honduras

Koffie Ben Nassar; Edder Martinez; Anabel Pineda

Working Paper 14/164

Budget Institutions in Low-Income Countries: Lessons from G-20

Sanjeev Gupta; Sami Yläoutinen

Working Paper 14/165

Demand Patterns in France, Germany, and Belgium: Can We Explain the Differences?

Igor Lebrun; Esther Pérez Ruiz

Working Paper 14/166

Financial Inclusion, Growth and Inequality: A Model Application to Colombia

Izabela Karpowicz

Working Paper 14/167

News and Monetary Shocks at a High Frequency: A Simple Approach

Troy Matheson; Emil Stavrev

Working Paper 14/168

Optimal Maturity Structure of Sovereign Debt in Situation of Near Default

Gabriel Desgranges; Céline Rochon

Working Paper 14/169

Reconsidering Bank Capital Regulation: A New Combination of Rules, Regulators, and Market Discipline

Connel Fullenkamp; Céline Rochon

Working Paper 14/170

Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS

Ellen Gaston; Inwon Song

Working Paper 14/171

Bank Ownership and Credit Growth in Emerging Markets During and After the 2008-09 Financial Crisis—A Cross-Regional Comparison

Guodong Chen; Yi Wu

Working Paper 14/172

A Quality of Growth Index for Developing Countries: A Proposal

Montfort Mlachila; Rene Tapsoba; Sampawende J.-A. Tapsoba

Working Paper 14/173

Growth Surprises and Synchronized Slowdowns in Emerging Markets—An Empirical Investigation

Ghada Fayad; Roberto Perrelli

Working Paper 14/174

How Much Carbon Pricing is in Countries’ Own Interests? The Critical Role of Co-Benefits

Ian W.H. Parry; Chandara Veung; Dirk Heine

Working Paper 14/175

Does the Clarity of Inflation Reports Affect Volatility in Financial Markets?

Ales Bulir; Martin Cihak; David-Jan Jansen

Working Paper 14/176

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

Calixte Ahokpossi; Laurence Allain; Giovanna Bua

Working Paper 14/177

Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions

Reda Cherif; Fuad Hasanov

Working Paper 14/178

Food Inflation in India: The Role for Monetary Policy

Rahul Anand; Ding Ding; Volodymyr Tulin

Working Paper 14/179

How Much Is a Lot? Historical Evidence on the Size of Fiscal Adjustments

Julio Escolano; Laura Jaramillo; Carlos Mulas-Granados; G. Terrier

Working Paper 14/180

The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions

Eugenio Cerutti; Stijn Claessens

Working Paper 14/181

Reforming the Corporate Governance of Italian Banks

Nadège Jassaud

Working Paper 14/182

Food Prices and the Multiplier Effect of Trade Policy

Paolo Giordani; Nadia Rocha; Michele Ruta

Working Paper 14/183

The Making of a Continental Financial System: Lessons for Europe from Early American History

Vitor Gaspar

Working Paper 14/184

Minimum Wages and Firm Employment: Evidence from China

Yi Huang; Prakash Loungani; Gewei Wang

Working Paper 14/185

Financial Crises and the Composition of Cross-Border Lending

Eugenio Cerutti; Galina Hale; Camelia Minoiu

Working Paper 14/186

A Model-Based Analysis of Spillovers: The Case of Poland and the Euro Area

Michal Andrle; Roberto Garcia-Saltos; Giang Ho

Working Paper 14/187

Determinants of Financial Market Spillovers: The Role of Portfolio Diversification, Trade, Home Bias, and Concentration

Yoko Shinagawa

Working Paper 14/188

Regulating Capital Flows at Both Ends: Does it Work?

Atish R. Ghosh; Mahvash Saeed Qureshi; Naotaka Sugawara

Working Paper 14/189

Unconventional Monetary Policy and Long-Term Interest Rates

Tao Wu

Working Paper 14/190

Unraveling the Monetary Policy Transmission Mechanism in Sri Lanka

Manuk Ghazanchyan

Working Paper 14/191

Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area?

Plamen Iossifov; Jiri Podpiera

Working Paper 14/192

Public Employment and Compensation Reform During Times of Fiscal Consolidation

Lorenzo Forni; Natalija Novta

Working Paper 14/193

Designing a Fiscal Framework for a Prospective Commodity Producer: Options for Lebanon

Mariusz Jarmuzek; Diego Mesa Puyo; Najla Nakhle

Working Paper 14/194

Financial Frictions and Sources of Business Cycle

Marzie Taheri Sanjani

Working Paper 14/195

Global Risks and Collective Action Failures: What Can the International Community Do?

Inci Otker-Robe

Working Paper 14/196

Gross Private Capital Flows to Emerging Markets: Can the Global Financial Cycle Be Tamed?

Erlend Nier; Tahsin Saadi Sedik; Tomas Mondino

Working Paper 14/197

The Impact of the Global Financial Crisis on Banking Globalization

Stijn Claessens; Neeltje van Horen

Working Paper 14/198

Non-Defaultable Debt and Sovereign Risk

Juan Carlos Hatchondo; Leonardo Martinez; Yasin Kursat Onder

Working Paper 14/199

Official Financial Flows, Capital Mobility, and Global Imbalances

Tamim Bayoumi; Joseph E. Gagnon; Christian Saborowski

Working Paper 14/200

Policy and Spillover Analysis in the World Economy: A Panel Dynamic Stochastic General Equilibrium Approach

Francis Vitek

Working Paper 14/201

Fiscal Devaluation in a Monetary Union

Philipp Engler; Giovanni Ganelli; Juha Tervala; Simon Voigts

Working Paper 14/202

Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries?

Yasemin Bal-Gunduz; Masyita Crystallin

Working Paper 14/203

Limiting Taxpayer “Puts”—An Example from Central Counterparties

Manmohan Singh

Working Paper 14/204

World Saving

Francesco Grigoli; Alexander Herman; Klaus Schmidt-Hebbel

Working Paper 14/205

Slowdown in Emerging Markets: Sign of a Bumpy Road Ahead?

Evridiki Tsounta

IMF Working Papers and other IMF publications can be downloaded in full-text format from the Research at the IMF website: http://www.imf.org/research.

  • Collapse
  • Expand