Volume/Issue: 2017/253
Series: IMF Working Papers
Author(s):
Rui Xu
, and
Kaiji Gong
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
16
November
2017
DOI: http://dx.doi.org/10.5089/9781484326008.001
ISBN: 9781484326008
We analyze the impact of rising import competition from China on U.S. innovative activities.
Using Compustat data, we find that import competition induces R&D expenditures to be
reallocated towards more productive...
Volume/Issue: 2016/233
Series: IMF Working Papers
Author(s):
Vitor Gaspar
,
Laura Jaramillo
, and
Philippe Wingender
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
December
2016
DOI: http://dx.doi.org/10.5089/9781475558142.001
ISBN: 9781475558142
An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12¾ percent, real GDP per capita increases sharply and in a sustained manner over the...
Volume/Issue: 2016/30
Series: IMF Working Papers
Author(s):
Natalie Chen
, and
Luciana Juvenal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
18
February
2016
DOI: http://dx.doi.org/10.5089/9781498347587.001
ISBN: 9781498347587
We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality r...
Volume/Issue: 2016/26
Series: IMF Working Papers
Author(s):
Joseph Crowley
,
Plapa Koukpamou
,
Elena Loukoianova
, and
André Mialou
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
February
2016
DOI: http://dx.doi.org/10.5089/9781498337014.001
ISBN: 9781498337014
This paper reports the main findings of a pilot project launched in July 2014 by the IMF’s Statistics Department to test augmenting the IMF’s financial soundness indicators (FSIs) with concentration and distributio...
Volume/Issue: 2016/14
Series: IMF Working Papers
Author(s):
Elva Bova
,
Marta Ruiz-Arranz
,
Frederik Toscani
, and
H. Elif Ture
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
February
2016
DOI: http://dx.doi.org/10.5089/9781498303606.001
ISBN: 9781498303606
We construct the first comprehensive dataset of contingent liability realizations in advanced and emerging markets for the period 1990–2014. We find that contingent liability realizations are a major source of fisc...
Volume/Issue: 2015/228
Series: IMF Working Papers
Author(s):
Christian Ebeke
, and
Armand Fouejieu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
October
2015
DOI: http://dx.doi.org/10.5089/9781513586267.001
ISBN: 9781513586267
This paper investigates the effects of the adoption of inflation targeting (IT) on the choice of exchange rate regime in emerging markets (EMs), conditional on certain macroeconomic conditions. Using a large sample...
Volume/Issue: 2015/203
Series: IMF Working Papers
Author(s):
Sami Ben Naceur
,
Amr Hosny
, and
Gregory Hadjian
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
23
September
2015
DOI: http://dx.doi.org/10.5089/9781513507279.001
ISBN: 9781513507279
Dollarization rates in the Caucasus and Central Asia (CCA) region are among the highest in the world, with adverse consequences for macroeconomic stability, monetary policy transmission, and financial sector develo...
Volume/Issue: 2015/97
Series: IMF Working Papers
Author(s):
Naomi Griffin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
04
May
2015
DOI: http://dx.doi.org/10.5089/9781484364222.001
ISBN: 9781484364222
The appreciation of the real exchange rate over the past several years is considered one of the key drivers behind the weak performance of Colombia's manufacturing sector in recent years. This paper examines the ef...
Volume/Issue: 2015/85
Series: IMF Working Papers
Author(s):
Qianying Chen
,
Andrew Filardo
,
Dong He
, and
Feng Zhu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
29
April
2015
DOI: http://dx.doi.org/10.5089/9781475520668.001
ISBN: 9781475520668
We study the impact of the US quantitative easing (QE) on both the emerging and advanced economies, estimating a global vector error-correction model (GVECM) and conducting counterfactual analyses. We focus on the...
Volume/Issue: 2015/77
Series: IMF Working Papers
Author(s):
Nicolas Magud
, and
Sebastian Sosa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
03
April
2015
DOI: http://dx.doi.org/10.5089/9781475534221.001
ISBN: 9781475534221
We document that (i) although private investment growth in emerging markets has decelerated in recent years, it came down from cyclical highs and remains close to pre-crisis trends; and (ii) investment-to-output ra...