The June 2016 issue of IMF Research Bulletin features an interview with Lars Svensson.


The June 2016 issue of IMF Research Bulletin features an interview with Lars Svensson.

Working Paper 16/30

Quality and the Great Trade Collapse

Natalie Chen, Luciana Juvenal

Working Paper 16/31

Being Poor, Feeling Poorer: Inequality, Poverty and Poverty Perceptions in the Western Balkans

Zsoka Koczan

Working Paper 16/32

Financial Development, Inequality and Poverty: Some International Evidence

Sami Ben Naceur, RuiXin Zhang

Working Paper 16/33

Flying to Paradise: The Role of Airlift in the Caribbean Tourism Industry

Sebastian Acevedo Mejia, Lu Han, Hye S Kim, Nicole Laframboise

Working Paper 16/34

Central Bank Governance and the Role of Nonfinancial Risk Management

Ashraf Khan

Working Paper 16/35

Private Sector Activity in Hong Kong SAR and the Fed: Transmission Effects through the Currency Board

Joong Shik Kang

Working Paper 16/36

Macroeconomic Stability in Resource-Rich Countries: The Role of Fiscal Policy

Elva Bova, Paulo A. Medas, Tigran Poghosyan

Working Paper 16/37

Sovereign Defaults, External Debt, and Real Exchange Rate Dynamics

Tamon Asonuma

Working Paper 16/38

Institutionalizing Countercyclical Investment: A Framework for Long-Term Asset Owners

Bradley Jones

Working Paper 16/39

Improving Public Infrastructure in the Philippines

Takuji Komatsuzaki

Working Paper 16/40

The Welfare Multiplier of Public Infrastructure Investment

Giovanni Ganelli, Juha Tervala

Working Paper 16/41

How Do Fiscal and Labor Policies in France Affect Inequality?

Raphael A. Espinoza, Esther Perez Ruiz

Working Paper 16/42

Islamic Finance and Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)

Nadim Kyriakos-Saad, Manuel Vasquez, Chady El Khoury, Arz El Murr

Working Paper 16/43

G-20 Data Gaps Initiative II: Meeting the Policy Challenge

Robert M. Heath, Evrim Bese Goksu

Working Paper 16/44

What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries?

Adolfo Barajas, Ralph Chami, Christian Ebeke, Anne Oeking

Working Paper 16/45

A Closer Look at Sectoral Financial Linkages in Brazil I: Corporations’ Financial Statements

Izabela Karpowicz, Fabian Lipinsky, Jongho Park

Working Paper 16/46

Sustainability and Equity Challenges: Some Arithmetic on Lebanon’s Pension System

Mariusz Jarmuzek, Najla Nakhle

Working Paper 16/47

Macroeconomic Impact of Product and Labor Market Reforms on Informality and Unemployment in India

Rahul Anand, Purva Khera

Working Paper 16/48

Sharing the Growth Dividend: Analysis of Inequality in Asia

Sonali Jain-Chandra, Tidiane Kinda, Kalpana Kochhar, Shi Piao, Johanna Schauer

Working Paper 16/49

Individual Choice or Policies? Drivers of Female Employment in Europe

Lone Engbo Christiansen, Huidan Lin, Joana Pereira, Petia Topalova, Rima Turk

Working Paper 16/50

Gender Diversity in Senior Positions and Firm Performance: Evidence from Europe

Lone Engbo Christiansen, Huidan Lin, Joana Pereira, Petia Topalova, Rima Turk

Working Paper 16/51

China’s Imports Slowdown: Spillovers, Spillins, and Spillbacks

Alexei Kireyev, Andrei Leonidov

Working Paper 16/52

Singapore’s Export Elasticities: A Disaggregated Look into the Role of Global Value Chains and Economic Complexity

Elif Arbatli, Gee Hee Hong

Working Paper 16/53

Caribbean Energy: Macro-Related Challenges

Arnold McIntyre, Ahmed El-Ashram, Marcio Ronci, Julien Reynaud, Natasha Xingyuan Che, Ke Wang, Sebastian Acevedo Mejia, Mark Scott Lutz

Working Paper 16/54

Has Globalization Really Increased Business Cycle Synchronization?

Eric Monnet, Damien Puy

Working Paper 16/55

Inflation Targeting and Exchange Rate Management in Less Developed Countries

Marco Airaudo, Edward F. Buffie, Luis-Felipe Zanna

Working Paper 16/56

Seeing in the Dark: A Machine-Learning Approach to Nowcasting in Lebanon

Andrew Tiffin

Working Paper 16/57

Dynamic Connectedness of Asian Equity Markets

Roberto Guimarães-Filho, Gee Hee Hong

Working Paper 16/58

Unconventional Policy Instruments in the New Keynesian Model

Zineddine Alla, Raphael A. Espinoza, Atish R. Ghosh

Working Paper 16/59

Stochastic Trends, Debt Sustainability and Fiscal Policy

Karim Barhoumi, Reda Cherif, Nooman Rebei

Working Paper 16/60

Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement

Shafik Hebous, Tom Zimmermann

Working Paper 16/61

Winning the Oil Lottery: The Impact of Natural Resource Extraction on Growth

Tiago Cavalcanti, Daniel Da Mata, Frederik G. Toscani

Working Paper 16/62

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies

Anna Rose Bordon, Christian Ebeke, Kazuko Shirono

Working Paper 16/63

China’s Slowdown and Global Financial Market Volatility: Is World Growth Losing Out?

Paul Cashin, Kamiar Mohaddes, Mehdi Raissi

Working Paper 16/64

Bank Solvency and Funding Cost

Christoph Aymanns, Carlos Caceres, Christina Daniel, Liliana Schumacher

Working Paper 16/65

Natural Disasters and Food Crises in Low-Income Countries: Macroeconomic Dimensions

Olumuyiwa Adedeji, Jana Gieck-Bricco, Vera V. Kehayova

Working Paper 16/66

Serial Sovereign Defaults and Debt Restructurings

Tamon Asonuma

Working Paper 16/67

Foreign Exchange Intervention under Policy Uncertainty

Gustavo Adler, Ruy Lama, Juan Pablo Medina Guzman

Working Paper 16/68

Tax Administration Reform in China: Achievements, Challenges, and Reform Priorities

John Brondolo, Zhiyong Zhang

Working Paper 16/69

Optimal Fiscal Adjustment under Uncertainty

Rossen Rozenov

Working Paper 16/70

Implications of Food Subsistence for Monetary Policy and Inflation

Rafael Portillo, Luis-Felipe Zanna, Stephen A. O’Connell, Richard Peck

Working Paper 16/71

Nowcasting Annual National Accounts with Quarterly Indicators: An Assessment of Widely Used Benchmarking Methods

Marco Marini

Working Paper 16/72

Monetary Policy in the Presence of Islamic Banking

Mariam El Hamiani Khatat

Working Paper 16/73

Financial Stability and Interest-Rate Policy: A Quantitative Assessment of Costs and Benefits

Andrea Pescatori, Stefan Laseen

Working Paper 16/74

Macroprudential and Monetary Policy Interactions in a DSGE Model for Sweden

Jiaqian Chen, Francesco Columba

Working Paper 16/75

Trilemma or Dilemma: Inspecting the Heterogeneous Response of Local Currency Interest Rates to Foreign Rates

Luca Antonio Ricci, Wei Shi

Working Paper 16/76

Credit, Securitization, and Monetary Policy: Watch Out for Unintended Consequences

Andrea Pescatori, Juan Sole

Working Paper 16/77

Reassessing the Productivity Gains from Trade Liberalization

JaeBin Ahn, Era Dabla-Norris, Romain A. Duval, Bingjie Hu, Lamin Njie

Working Paper 16/78

Macroeconomic Dimensions of Public-Private Partnerships

Edward F. Buffie, Michele Andreolli, Bin Grace Li, Luis- Felipe Zanna

Working Paper 16/79

Fiscal Multipliers for Brazil

Troy Matheson, Joana Pereira

Working Paper 16/80

Understanding Corporate Vulnerabilities in Latin America

Carlos Caceres, Fabiano Rodrigues Bastos

Working Paper 16/81

Advancing Financial Development in Latin America and the Caribbean

Dyna Heng, Anna Ivanova, Rodrigo Mariscal, Uma Ramakrishnan, Joyce Wong

Working Paper 16/82

Structural Reform and Growth: What Really Matters? Evidence from the Caribbean

Kevin Greenidge, Meredith A. McIntyre, Hanlei Yun

Working Paper 16/83

Amortization Requirements May Increase Household Debt: A Simple Example

Lars E. O. Svensson

Working Paper 16/84

Do Subnational Fiscal Rules Foster Fiscal Discipline? New Empirical Evidence from Europe

Ananya Kotia, Victor Duarte Lledo

Working Paper 16/85

Power It Up: Strengthening the Electricity Sector to Improve Efficiency and Support Economic Activity

Gabriel Di Bella, Francesco Grigoli

Working Paper 16/86

Fiscal Councils: Rationale and Effectiveness

Roel M. W. J. Beetsma, Xavier Debrun

Working Paper 16/87

Mitigating the Deadly Embrace in Financial Cycles: Countercyclical Buffers and Loan-to-Value Limits

Jaromir Benes, Douglas Laxton, Joannes Mongardini

Working Paper 16/88

Post-Crisis International Banking: An Analysis with New Regulatory Survey Data

Hibiki Ichiue, Frederic Lambert

Working Paper 16/89

The Cost of Foreign Exchange Intervention: Concepts and Measurement

Gustavo Adler, Rui Mano

Working Paper 16/90

VAR meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries

Bin Grace Li, Stephen A. O’Connell, Christopher Adam, Andrew Berg, Peter Montiel

Working Paper 16/91

Crisis Transmission in the Global Banking Network

Galina Hale, Tümer Kapan, Camelia Minoiu

Working Paper 16/92

Optimal Reserves in Financially Closed Economies

Olivier Jeanne, Damiano Sandri

Working Paper 16/93

Shifting the Beveridge Curve: What Affects Labor Market Matching?

Elva Bova, João Tovar Jalles, Christina Kolerus

Working Paper 16/94

Effective Macroprudential Policy: Cross-Sector Substitution from Price and Quantity Measures

Janko Cizel, Jon Frost, Aerdt Houben, Peter Wierts

Working Paper 16/95

Dispelling Fiscal Illusions: How Much Progress Have Governments Made in Getting Assets and Liabilities on Balance Sheet?

Timothy Irwin

Working Paper 16/96

Structural Reform in Germany

Tom Krebs, Martin Scheffel

Working Paper 16/97

Financial De-Dollarization: A Global Perspective and the Peruvian Experience

Luis Catão, Marco Terrones

IMF Working Papers and other IMF publications can be downloaded in full-text format from the Research at the IMF website:

IMF Research Bulletin, June 2016
Author: International Monetary Fund. Research Dept.