IMF Working Papers

From International Monetary Fund
International Monetary Fund, Washington, DC USA.
Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

2017/136: ABBA: An Agent-Based Model of the Banking System

Jorge Chan-Lau

2017/135: Capital Controls and the Cost of Debt

Eugenia Andreasen, Martin Schindler and Patricio Valenzuela

2017/134: Financial Frictions, Underinvestment, and Investment Composition: Evidence from Indian Corporates

Sonali Das and Volodymyr Tulin

2017/133: Bottom-Up Default Analysis of Corporate Solvency Risk: An Application to Latin America

Jorge Chan-Lau, Cheng Lim, Jose Daniel Rodríguez-Delgado, Bennett Sutton and Melesse Tashu

2017/132: Deposit Insurance, Remittances, and Dollarization: Survey-Based Evidence from a Top Remittance-Receiving Country

David Grigorian and Maxym Kryshko

2017/131: Financial Disruptions and the Cyclical Upgrading of Labor

Brendan Epstein, Alan Finkelstein Shapiro and Andres Gonzalez

2017/130: A Tie That Binds: Revisiting the Trilemma in Emerging Market Economies

Maurice Obstfeld, Jonathan Ostry and Mahvash Qureshi

2017/129: Financial Frictions and the Great Productivity Slowdown

Romain Duval, Gee Hee Hong and Yannick Timmer

2017/128: Policy Uncertainty in Japan

Elif Arbatli Saxegaard, Steven Davis, Arata Ito, Naoko Miake and Ikuo Saito

2017/127: Inclusive Growth Framework

Alexei Kireyev and Jingyang Chen

2017/126: Income Inequality and Education Revisited: Persistence, Endogeneity, and Heterogeneity

David Coady and Allan Dizioli

2017/125: Structural Reform Packages, Sequencing, and the Informal Economy

Zsuzsa Munkacsi and Magnus Saxegaard

2017/124: Labor Market Adjustments to Shocks in Australia

Adil Mohommad

2017/123: The Algebraic Galaxy of Simple Macroeconomic Models: A Hitchhiker’s Guide

Evan Tanner

2017/122: Trading with China: Productivity Gains, Job Losses

JaeBin Ahn and Romain Duval

2017/121: Portfolio Inflows and Real Effective Exchange Rates: Does the Sectorization Matter?

Rasmane Ouedraogo

2017/120: Riding the Energy Transition: Oil Beyond 2040

Reda Cherif, Fuad Hasanov and Aditya Pande

2017/119: Sovereign Bond Prices, Haircuts and Maturity

Tamon Asonuma, Dirk Niepelt and Romain Ranciere

2017/118: Disinflation, External Vulnerability, and Fiscal Intransigence: Some Unpleasant Mundellian Arithmetic

Evan Tanner

2017/117: Debt Limits and the Structure of Public Debt

Alex Pienkowski

2017/116: Bank Solvency and Funding Cost: New Data and New Results

Stefan Schmitz, Michael Sigmund and Laura Valderrama

2017/115: International Financial Integration in the Aftermath of the Global Financial Crisis

Philip Lane and Gian Maria Milesi-Ferretti

2017/114: Debt Sustainability in Low-Income Countries: Policies, Institutions, or Shocks?

Yasemin Bal Gündüz

2017/113: Collateral Reuse and Balance Sheet Space

Manmohan Singh

2017/112: Farms, Fertiliser, and Financial Frictions: Yields from a DSGE Model

Sébastien Walker

2017/111: Bank Balance Sheets and the Value of Lending

Jiaqian Chen and Giuseppe Vera

2017/110: Can They Do It All? Fiscal Space in Low-Income Countries

Anja Baum, Andrew Hodge, Aiko Mineshima, Marialuz Moreno Badia and René Tapsoba

2017/109: Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method

Monique Newiak and Tim Willems

2017/108: Lasso Regressions and Forecasting Models in Applied Stress Testing

Jorge Chan-Lau

2017/107: Variance Decomposition Networks: Potential Pitfalls and a Simple Solution

Jorge Chan-Lau

2017/106: Multivariate Filter Estimation of Potential Output for the United States

Ali Alichi, Olivier Bizimana, Douglas Laxton, Kadir Tanyeri, Hou Wang, Jiaxiong Yao and Fan Zhang

2017/105: Investing in Public Infrastructure: Roads or Schools?

Manoj Atolia, Grace Li, Ricardo Marto and Giovanni Melina

2017/104: Taking Stock: Who Benefited from the Oil Price Shocks?

Diego Cerdeiro and Dmitry Plotnikov

2017/103: Reforming Energy Policy in India: Assessing the Options

Ian Parry, Victor Mylonas and Nate Vernon-Lin

2017/102: Macroprudential Liquidity Stress Testing in FSAPs for Systemically Important Financial Systems

Andreas Jobst, Li Ong and Christian Schmieder

2017/101: Central Bank Legal Frameworks in the Aftermath of the Global Financial Crisis

Ashraf Khan

2017/100: Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism

Sebastian Acevedo, Trevor Alleyne and Rafael Romeu

2017/099: Fiscal Challenges of Population Aging in Brazil

Alfredo Cuevas, Izabela Karpowicz, Carlos Mulas-Granados and Mauricio Soto

2017/098: Long-Run Biological Interest Rate for Pay-As-You-Go Pensions in Advanced and Developing Countries

Masahiro Nozaki

2017/097: Assessing Corporate Vulnerabilities in Indonesia: A Bottom-Up Default Analysis

Jorge Chan-Lau, Weimin Miao, Ken Miyajima and Jongsoon Shin

2017/096: Understanding the Use of Long-term Finance in Developing Economies

Maria Martinez Peria and Sergio Schmukler

2017/095: Tax Administration and Firm Performance: New Data and Evidence for Emerging Market and Developing Economies

Era Dabla-Norris, Florian Misch, Duncan Cleary and Munawer Khwaja

2017/094: Demographic Changes in Latin America: The Good, the Bad and …

Santiago Acosta Ormaechea, Marco Espinosa-Vega and Diego Wachs

2017/093: Growth Inclusiveness in Djibouti

Alexei Kireyev

2017/092: Late to the game? Capital flows to the Western Balkans

Zsoka Koczan

2017/091: Thick vs. Thin-Skinned: Technology, News, and Financial Market Reaction

Barry Eichengreen, Romain Lafarguette and Arnaud Mehl

2017/090: Challenges in Correspondent Banking in the Small States of the Pacific

Jihad Alwazir, Fazurin Jamaludin, Dongyeol Lee, Niamh Sheridan and Patrizia Tumbarello

2017/089: Policy, Risk and Spillover Analysis in the World Economy: A Panel Dynamic Stochastic General Equilibrium Approach

Francis Vitek

2017/088: Tax Administration Reforms in the Caribbean: Challenges, Achievements, and Next Steps

Stephane Schlotterbeck

2017/087: Labor Market Institutions and the Cost of Recessions

Tom Krebs and Martin Scheffel

2017/086: Fiscal Crises

Kerstin Gerling, Paulo Medas, Tigran Poghosyan, Juan Farah-Yacoub and Yizhi Xu

2017/085: Should Unconventional Monetary Policies Become Conventional?

Dominic Quint and Pau Rabanal

2017/084: Effectiveness of Fiscal Incentives for R&D: Quasi-Experimental Evidence

Irem Guceri and Li Liu

2017/083: Exchange Rate Regimes in Central, Eastern and Southeastern Europe: A Euro Bloc and a Dollar Bloc?

Slavi Slavov

2017/082: Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia

Norbert Funke, Asel Isakova and Maksym Ivanyna

2017/081: Real Exchange Rate and External Balance: How Important Are Price Deflators?

JaeBin Ahn, Rui Mano and Jing Zhou

2017/080: Das House-Kapital: A Long Term Housing & Macro Model

Volker Grossman and Thomas Steger

2017/079: Education Systems and Foreign Direct Investment: Does External Efficiency Matter?

Elisé Miningou and Sampawende Tapsoba

2017/078: Optimal Fiscal and Monetary Policy, Debt Crisis and Management

Cristiano Cantore, Paul Levine, Giovanni Melina and Joseph Pearlman

2017/077: World Trade in Services: Evidence from A New Dataset

Prakash Loungani, Saurabh Mishra, Chris Papageorgiou and Ke Wang

2017/076: Inequality Overhang

Francesco Grigoli and Adrian Robles

2017/075: Consumption in Brazil: Where to Next?

Troy Matheson and Carlos Góes

2017/074: The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads

Sangyup Choi and Yuko Hashimoto

2017/073: Financial Stability Reports in Latin America and the Caribbean

Cheng Lim, Alexander Klemm, Sumiko Ogawa, Marco Pani and Claudio Visconti

2017/072: Excessive Private Sector Leverage and Its Drivers: Evidence from Advanced Economies

Mariusz Jarmuzek and Rossen Rozenov

2017/071: The Macroeconomics of De-Cashing

Alexei Kireyev

2017/070: Foreign Exchange Intervention and the Dutch Disease

Julia Faltermeier, Ruy Lama and Juan Medina

2017/069: Managing the Tide: How Do Emerging Markets Respond to Capital Flows?

Atish Ghosh, Jonathan Ostry and Mahvash Qureshi

2017/068: How is the likelihood of fire sales in a crisis affected by the interaction of various bank regulations?

Divya Kirti and Vijay Narasiman

2017/067: Credit-Supply Shocks and Firm Productivity in Italy

Sebastian Dörr, Mehdi Raissi and Anke Weber

2017/066: Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis

Kamiar Mohaddes, Mehdi Raissi and Anke Weber

2017/065: Does Prolonged Monetary Policy Easing Increase Financial Vulnerability?

Stephen Cecchetti, Tommaso Mancini-Griffoli and Machiko Narita

2017/064: Fiscal Decentralization and Fiscal Policy Performance

Moussé Sow and Ivohasina Razafimahefa

2017/063: Fiscal Policy Effectiveness in a Small Open Economy: Estimates of Tax and Spending Multipliers in Paraguay

Antonio David

2017/062: Lower Bound Beliefs and Long-Term Interest Rates

Christian Grisse, Signe Krogstrup and Silvio Schumacher

2017/061: Private and Public Debt: Are Emerging Markets at Risk?

Marco Bernardini and Lorenzo Forni

2017/060: Bank Ownership: Trends and Implications

Robert Cull, Maria Martinez Peria and Jeanne Verrier

2017/059: Macroprudential Policy, Incomplete Information and Inequality: The case of Low-Income and Developing Countries

Margarita Rubio and Filiz Unsal

2017/058: Exchange Rates and Trade: A Disconnect?

Daniel Leigh, Weicheng Lian, Marcos Poplawski Ribeiro, Rachel Szymanski, Viktor Tsyrennikov and Hong Yang

2017/057: Public Debt Sustainability Under Uncertainty: An Invariant Set Approach

Rossen Rozenov

2017/056: Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies

Joseph Gagnon, Tamim Bayoumi, Juan M. Londono, Christian Saborowski and Horacio Sapriza

2017/055: Aftershocks of Monetary Unification: Hysteresis with a Financial Twist

Tamim Bayoumi and Barry Eichengreen

2017/054: Labor Force Participation in Chile: Recent Trends, Drivers, and Prospects

Patrick Blagrave and Marika Santoro

2017/053: Pension Reform Options in Chile: Some Tradeoffs

Marika Santoro

2017/052: The Drivers of Capital Flows in Emerging Markets Post Global Financial Crisis

Swarnali Hannan

2017/051: Brazilian Market Portfolio

Cristina Tessari and Alexis Meyer-Cirkel

2017/050: Spillovers from U.S. Monetary Policy Normalization on Brazil and Mexico’s Sovereign Bond Yields

Carlos Góes, Herman Kamil, Phil De Imus, Mercedes Garcia-Escribano, Roberto Perrelli, Shaun Roache and Jeremy Zook

2017/049: Evaluating Changes in the Transmission Mechanism of Government Spending Shocks

Nooman Rebei

2017/048: Understanding Inflation in Malawi: A Quantitative Investigation

Dong Frank Wu

2017/047: Trade Liberalization in Peru: Adjustment Costs Amidst High Labor Mobility

Elin Baldárrago and Gonzalo Salinas

2017/046: Revisiting the Link between Trade, Growth and Inequality: Lessons for Latin America and the Caribbean

Kimberly Beaton, Aliona Cebotari and András Komáromi

2017/045: The Impact of Trade Agreements in Latin America using the Synthetic Control Method

Swarnali Hannan

2017/044: Effects of Timeliness on the Trade Pattern between Primary and Processed Goods

Suprabha Baniya

2017/043: Launching Export Accelerations in Latin America and the World

Valerie Cerra and Martha Tesfaye Woldemichael

2017/042: Composition of Trade in Latin America and the Caribbean

Xiaodan Ding and Metodij Hadzi-Vaskov

2017/041: The Volatility of Capital Flows in Emerging Markets: Measures and Determinants

Maria Sole Pagliari and Swarnali Hannan

2017/040: Sectoral Labor Mobility and Optimal Monetary Policy

Alessandro Cantelmo and Giovanni Melina

2017/039: Governments and Promised Fiscal Consolidations: Do They Mean What They Say?

Sanjeev Gupta, Joao Jalles, Carlos Mulas-Granados and Michela Schena

2017/038: Banks, Firms, and Jobs

Fabio Berton, Sauro Mocetti, Andrea Presbitero and Matteo Richiardi

2017/037: A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries

Jiri Podpiera, Faezeh Raei and Ara Stepanyan