Volume/Issue: 2016/242
Series: IMF Working Papers
Author(s):
Elif Arbatli
,
Csaba Feher
,
Jack Ree
,
Ikuo Saito
, and
Mauricio Soto
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
December
2016
DOI: http://dx.doi.org/10.5089/9781475560336.001
ISBN: 9781475560336
Automatic adjustment mechanisms (AAMs)-rules ensuring that certain characteristics of a pension system respond to demographic, macroeconomic and financial developments, in a predetermined fashion and without the ne...
Volume/Issue: 2016/99
Series: IMF Working Papers
Author(s):
Giovanni Ganelli
, and
Nour Tawk
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
May
2016
DOI: http://dx.doi.org/10.5089/9781484361689.001
ISBN: 9781484361689
We use a Global VAR model to study spillovers from the Bank of Japan's quantitative and
qualitative easing (QQE) on emerging Asia.1 Our main result is that, despite an appreciation
of their currencies vis-à-vis the...
Volume/Issue: 2015/56
Series: IMF Working Papers
Author(s):
Yuko Kinoshita
, and
Fang Guo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
16
March
2015
DOI: http://dx.doi.org/10.5089/9781498329750.001
ISBN: 9781498329750
Both Japan and Korea are trying to boost female labor force participation (FLFP) as they face the challenges of a rapidly aging population. Though FLFP has generally been on a rising trend, the female labor force...
Volume/Issue: 2015/48
Series: IMF Working Papers
Author(s):
Rui Mano
, and
Marola Castillo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
February
2015
DOI: http://dx.doi.org/10.5089/9781484392140.001
ISBN: 9781484392140
This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a panel of 56 countries spanning 1989-2012. The level of productivity in each sector is defined as r...
Volume/Issue: 2014/160
Series: IMF Working Papers
Author(s):
Bas Bakker
, and
Leslie Lipschitz
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
22
August
2014
DOI: http://dx.doi.org/10.5089/9781498389044.001
ISBN: 9781498389044
This paper describes the anatomy of two types of balance-sheet macroeconomic crises. Conventional balance-sheet crises are triggered by external imbalances and balance sheet vulnerabilities. They typically occur af...
Volume/Issue: 2014/157
Series: IMF Working Papers
Author(s):
Matteo Ghilardi
, and
Shanaka Peiris
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
August
2014
DOI: http://dx.doi.org/10.5089/9781498365659.001
ISBN: 9781498365659
This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that...
Volume/Issue: 2014/34
Series: IMF Working Papers
Author(s):
Andrea Pescatori
,
Damiano Sandri
, and
John Simon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
February
2014
DOI: http://dx.doi.org/10.5089/9781484306444.001
ISBN: 9781484306444
Using a novel empirical approach and an extensive dataset developed by the Fiscal Affairs Department of the IMF, we find no evidence of any particular debt threshold above which medium-term growth prospects are dra...
Volume/Issue: 2013/165
Series: IMF Working Papers
Author(s):
Cheng Lim
,
Rishi Ramchand
,
Helen Wagner
, and
Xiaoyong Wu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
17
July
2013
DOI: http://dx.doi.org/10.5089/9781484338360.001
ISBN: 9781484338360
This paper surveys institutional arrangements for macroprudential policy in Asia. Central banks in Asia typically have a financial stability mandate, and play a key role in the macroprudential framework. Smaller an...
Volume/Issue: 2013/102
Series: IMF Working Papers
Author(s):
Tümer Kapan
, and
Camelia Minoiu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
May
2013
DOI: http://dx.doi.org/10.5089/9781484315842.001
ISBN: 9781484315842
We examine the role of bank balance sheet strength in the transmission of financial sector shocks to the real economy. Using data from the syndicated loan market, we exploit variation in banks’ reliance on w...
Volume/Issue: 2013/100
Series: IMF Working Papers
Author(s):
Tamim Bayoumi
,
Mika Saito
, and
Jarkko Turunen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
May
2013
DOI: http://dx.doi.org/10.5089/9781484325803.001
ISBN: 9781484325803
With global supply chains, any value added or production task can be traded as part of goods. This means that competitiveness can be measured either in terms of “tasks” (Bems and Johnson, 2012), or go...