Journal Issue

IMF Working Papers

International Monetary Fund. Research Dept.
Published Date:
June 2014
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Working Paper 14/23

Aggregate Stability and Balanced-Budget Rules

Matteo Ghilardi; Raffaele Rossi

Working Paper 14/24

Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts

Laurence M. Ball; João Tovar Jalles; Prakash Loungani

Working Paper 14/25

What Is Shadow Banking?

Stijn Claessens; Lev Ratnovski

Working Paper 14/26

Regional Labor Market Adjustments in the United States and Europe

Mai Dao; Davide Furceri; Prakash Loungani

Working Paper 14/27

Foreign Investor Flows and Sovereign Bond Yields in Advanced Economies

Serkan Arslanalp; Tigran Poghosyan

Working Paper 14/28

The U.S. Manufacturing Recovery: Uptick or Renaissance?

Oya Celasun; Gabriel Di Bella; Tim Mahedy; Chris Papageorgiou

Working Paper 14/29

Emerging Market Local Currency Bond Yields and Foreign Holdings in the Post-Lehman Period—A Fortune or Misfortune?

Christian Ebeke; Yinqiu Lu

Working Paper 14/30

Monetary and Macroprudential Policies to Manage Capital Flows

Juan Pablo Medina Guzman; Jorge Roldos

Working Paper 14/31

Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel

Jonas Dovern; Ulrich Fritsche; Prakash Loungani; Natalia T. Tamirisa

Working Paper 14/32

Judicial System Reform in Italy—A Key to Growth

Gianluca Esposito; Sergi Lanau; Sebastiaan Pompe

Working Paper 14/33

Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies

Juan Pablo Medina Guzman; Claudio Soto

Working Paper 14/34

Debt and Growth: Is There a Magic Threshold?

Andrea Pescatori; Damiano Sandri; John Simon

Working Paper 14/35

Rising BRICs and Changes in Sub-Saharan Africa’s Business Cycle Patterns

Oumar Diallo; Sampawende J.-A. Tapsoba

Working Paper 14/36

Assessing Countries’ Financial Inclusion Standing—A New Composite Index

Goran Amidžic; Alexander Massara; André Mialou

Working Paper 14/37

Asia’s Stock Markets: Are There Crouching Tigers and Hidden Dragons?

Fabian Lipinsky; Li Lian Ong

Working Paper 14/38

Why Was Asia Resilient? Lessons from the Past and or the Future

Phakawa Jeasakul; Cheng Hoon Lim; Erik J. Lundbäck

Working Paper 14/39

Tracking Global Demand for Emerging Market Sovereign Debt

Serkan Arslanalp; Takahiro Tsuda

Working Paper 14/40

Estimating Sri Lanka’s Potential Output

Ding Ding; John Nelmes; Roshan Perera; Volodymyr Tulin

Working Paper 14/41

Managing Income Tax Compliance Through Self-Assessment

Andrew Okello

Working Paper 14/42

Quality, Trade, and Exchange Rate Pass-Through

Natalie Chen; Luciana Juvenal

Working Paper 14/43

From Volatility to Stability in Expenditure: Stabilization Funds in Resource-Rich Countries

Naotaka Sugawara

Working Paper 14/44

Efficient Energy Investment and Fiscal Adjustment in Senegal

Salifou Issoufou; Edward F. Buffie; Mouhamadou Bamba Diop; Kalidou Thiaw

Working Paper 14/45

Deep Roots of Fiscal Behavior

Serhan Cevik; Katerina Teksoz

Working Paper 14/46

The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions

Stijn Claessens; Laura E. Kodres

Working Paper 14/47

Disentangling India’s Investment Slowdown

Rahul Anand; Volodymyr Tulin

Working Paper 14/48

Assessing Bias and Accuracy in the World Bank-IMF’s Debt Sustainability Framework for Low-Income Countries

Andrew Berg; Enrico Berkes; Catherine A. Pattillo; Andrea Presbitero; Yorbol Yakhshilikov

Working Paper 14/49

Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries

Huixin Bi; Wenyi Shen; Shu-Chun S. Yang

Working Paper 14/50

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: The DIGNAR Model

Giovanni Melina; Shu-Chun S. Yang; Luis-Felipe Zanna

Working Paper 14/51

Surging Investment and Declining Aid: Evaluating Debt Sustainability in Rwanda

Will Clark; Birgir Arnason

Working Paper 14/52

Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia

Romain A Duval; Kevin C. Cheng; Kum Hwa Oh; Richa Saraf; Dulani Seneviratne

Working Paper 14/53

Safe-Haven Korea?—Spillover Effects from UMPs

Jack Ree; Seoeun Choi

Working Paper 14/54

How can Korea Boost Potential Output to Ensure Continued Income Convergence?

Sonali Jain-Chandra; Longmei Zhang

Working Paper 14/55

Inflation Persistence in Brazil—A Cross-Country Comparison

Shaun K. Roache

Working Paper 14/56

Financial Crises in DSGE Models: Selected Applications of MAPMOD

Jaromir Benes; Michael Kumhof; Douglas Laxton

Working Paper 14/57

Financial Crises in DSGE Models: A Prototype Model

Jaromir Benes; Michael Kumhof; Douglas Laxton

Working Paper 14/58

Strengthening Post-Crisis Fiscal Credibility: Fiscal Councils on the Rise—A New Dataset

Xavier Debrun; Tidiane Kinda

Working Paper 14/59

Fiscal Policy in Latin America over the Cycle

Alexander Klemm

Working Paper 14/60

Global Financial Shocks and Foreign Asset Repatriation: Do Local Investors Play a Stabilizing Role?

Gustavo Adler; Marie-Louise Djigbenou; Sebastian Sosa

Working Paper 14/61

Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…Not Paradise

Nicolas E. Magud; Esteban Vesperoni

Working Paper 14/62

Cross-Country Experience in Reducing Net Foreign Liabilities: Lessons for New Zealand

Ding Ding; Werner Schule; Yan Sun

Working Paper 14/63

India: Defining and Explaining Inclusive Growth and Poverty Reduction

Rahul Anand; Volodymyr Tulin; Naresh Kumar

Working Paper 14/64

Income Inequality, Fiscal Decentralization, and Transfer Dependency

Caroline-Antonia Goerl; Mike Seiferling

Working Paper 14/65

Comparing the Performance of Logit and Probit Early Warning Systems for Currency Crises in Emerging Market Economies

Fabio Comelli

Working Paper 14/66

Official Demand for U.S. Debt: Implications for U.S. Real Interest Rates

Iryna Kaminska; Gabriele Zinna

Working Paper 14/67

Does Demand Volatility Lower Growth and Raise Inflation? Evidence from the Caribbean

Magda E. Kandil

Working Paper 14/68

India’s Recent Macroeconomic Performance: An Assessment and Way Forward

Muneesh Kapur; Rakesh Mohan

Working Paper 14/69

Global Liquidity and Drivers of Cross-Border Bank Flows

Eugenio Cerutti; Stijn Claessens; Lev Ratnovski

Working Paper 14/70

Monetary Policy Coordination and the Role of Central Banks

Rakesh Mohan; Muneesh Kapur

Working Paper 14/71

Bank Funding Costs for International Banks

Rita Babihuga; Marco Spaltro

Working Paper 14/72

Commercial Property Price Indexes: Problems of Sparse Data, Spatial Spillovers, and Weighting

Mick Silver; Brian Graf

Working Paper 14/73

Public Investment, Public Finance, and Growth: The Impact of Distortionary Taxation, Recurrent Costs, and Incomplete Appropriability

Christopher Adam; David Bevan

Working Paper 14/74

The Role of Country Concentration in the International Portfolio Investment Positions for the European Union Members

Iuliia Brushko; Yuko Hashimoto

Working Paper 14/75

China’s Monetary Policy and Interest Rate Liberalization: Lessons from International Experiences

Wei Liao; Sampawende J.-A. Tapsoba

Working Paper 14/76

Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, But Not Greece

Brenda González-Hermosillo; Christian A. Johnson

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