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.

2013/143: Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States

Giovanni Dell'ariccia, Luc Laeven and Gustavo Suarez

2013/142: Risk Exposures and Financial Spillovers in Tranquil and Crisis Times: Bank-Level Evidence

Hélène Poirson and Jochen M. Schmittmann

2013/141: Fiscal Policy and Lending Relationships

Giovanni Melina and Stefania Villa

2013/140: The Comovement in Commodity Prices: Sources and Implications

Ron Alquist and Olivier Coibion

2013/139: Inclusive Growth: An Application of the Social Opportunity Function to Selected African Countries

Olumuyiwa Adedeji, Huancheng Du and Maxwell Opoku-Afari

2013/138: The Macroeconomic Effects of Natural Resource Extraction: Applications to Papua New Guinea

Suman Basu, Jan Gottschalk, Werner Schule, Nikhil Vellodi and Susan Yang

2013/137: Measuring the Informal Economy in the Caucasus and Central Asia

Yasser Abdih and Leandro Medina

2013/136: The Economic Effects of Fiscal Consolidation with Debt Feedback

Marcello Estevão and Issouf Samaké

2013/135: Inclusive Growth: Measurement and Determinants

Rahul Anand, Saurabh Mishra and Shanaka Peiris

2013/134: Comparing Parametric and Non-parametric Early Warning Systems for Currency Crises in Emerging Market Economies

Fabio Comelli

2013/133: Afghanistan: Balancing Social and Security Spending in the Context of Shrinking Resource Envelope

Aqib Aslam, Enrico Berkes, Martin Fukac, Jeta Menkulasi and Axel Schimmelpfennig

2013/132: The Growth Comeback in Developing Economies: A New Hope or Back to the Future?

John Bluedorn, Rupa Duttagupta, Jaime Guajardo and Nkunde Mwase

2013/131: Fixing the Fixings: What Road to a More Representative Money Market Benchmark?

V. Brousseau, Alexandre Chailloux and Alain Durré

2013/130: The Finance and Growth Nexus Re-Examined: Do All Countries Benefit Equally?

Adolfo Barajas, Ralph Chami and Seyed Reza Yousefi

2013/129: Taxing Immovable Property Revenue Potential and Implementation Challenges

John Norregaard

2013/128: The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India

Rahul Anand, David Coady, Adil Mohommad, Vimal Thakoor and James Walsh

2013/127: Options and Strategies for Fiscal Consolidation in India

Sampawende Tapsoba

2013/126: Competition Policy for Modern Banks

Lev Ratnovski

2013/125: That Squeezing Feeling: The Interest Burden and Public Debt Stabilization

Xavier Debrun and Tidiane Kinda

2013/124: The Great Recession and the Inflation Puzzle

Troy Matheson and Emil Stavrev

2013/123: Are the Asia and Pacific Small States Different from Other Small States?

Patrizia Tumbarello, Ezequiel Cabezon and Yiqun Wu

2013/122: Foreign Investors Under Stress: Evidence from India

Ila Patnaik, Ajay Shah and Nirvikar Singh

2013/121: Financial Structures and Economic Outcomes: An Empirical Analysis

Tom Gole and Tao Sun

2013/120: Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies

Rudrani Bhattacharya and Ila Patnaik

2013/119: Emerging Economy Business Cycles: Financial Integration and Terms of Trade Shocks

Rudrani Bhattacharya, Ila Patnaik and Madhavi Pundit

2013/118: Heterogeneous Bank Lending Responses to Monetary Policy: New Evidence from a Real-time Identification

John Bluedorn, Christopher Bowdler and Christoffer Koch

2013/117: Fiscal Multipliers in the ECCU

Jesus Gonzalez-Garcia, Antonio Lemus and Mico Mrkaic

2013/116: Inclusive Growth and the Incidence of Fiscal Policy in Mauritius: Much Progress, But More Could be Done

Antonio David and Martin Petri

2013/115: Near-Coincident Indicators of Systemic Stress

Ivailo Arsov, Elie Canetti, Laura Kodres and Srobona Mitra

2013/114: World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy

Luis Catão and Roberto Chang

2013/113: External Liabilities and Crises

Luis Catão and Gian Maria Milesi-Ferretti

2013/112: Energy Subsidies and Energy Consumption: A Cross-Country Analysis

Joshua Charap, Arthur Ribeiro da Silva and Pedro Rodriguez

2013/111: The Anatomy of the VAT

Michael Keen

2013/110: The Welfare Implications of Services Liberalization in a Developing Country: Evidence from Tunisia

Nizar Jouini and Nooman Rebei

2013/109: Is the Growth Momentum in Latin America Sustainable?

Sebastian Sosa, Evridiki Tsounta and Marie Kim

2013/108: Export Quality in Developing Countries

Christian Henn, Chris Papageorgiou and Nikola Spatafora

2013/107: Capital Account Policies in Chile Macro-financial considerations along the path to liberalization

Yan Carrière-Swallow and Pablo Garcia-Silva

2013/106: Credit Growth in Latin America: Financial Development or Credit Boom?

Niels-Jakob Hansen and Olga Sulla

2013/105: What Is in Your Output Gap? Unified Framework & Decomposition into Observables

Michal Andrle

2013/104: The Pacific Speed of Growth: How Fast Can It Be and What Determines It?

Yongzheng Yang, Hong Chen, Shiu raj Singh and Baljeet Singh

2013/103: Four Decades of Terms-of-Trade Booms: Saving-Investment Patterns and a New Metric of Income Windfall

Gustavo Adler and Nicolas Magud

2013/102: Balance Sheet Strength and Bank Lending During the Global Financial Crisis

Tümer Kapan and Camelia Minoiu

2013/101: The Impact of Foreign Bank Deleveraging on Korea

Sonali Jain-Chandra, Min Jung Kim, Sung Ho Park and Jerome Shin

2013/100: Measuring Competitiveness: Trade in Goods or Tasks?

Tamim Bayoumi, Mika Saito and Jarkko Turunen

2013/099: Survey of Reserve Managers: Lessons from the Crisis

Aideen Morahan and Christian Mulder

2013/098: Understanding DSGE Filters in Forecasting and Policy Analysis

Michal Andrle

2013/097: Productivity or Employment: Is It a Choice?

Andrea De Michelis, Marcello Estevão and Beth Anne Wilson

2013/096: Monetary Policy in Emerging Markets: Taming the Cycle

Donal McGettigan, Kenji Moriyama, Jean Noah Ndela Ntsama, Francois Painchaud, Haonan Qu and Chad Steinberg

2013/095: Another Look at Governments’ Balance Sheets: The Role of Nonfinancial Assets

Elva Bova, Robert Dippelsman, Kara Rideout and Andrea Schaechter

2013/094: International Evidence on Government Support and Risk Taking in the Banking Sector

Luis Brandão-Marques, Ricardo Correa and Horacio Sapriza

2013/093: The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads

Nazim Belhocine and Salvatore Dell'Erba

2013/092: Searching for the Finance-Growth Nexus in Libya

Serhan Cevik and Mohammad Rahmati

2013/091: The Dynamic Effect of Social and Political Instability on Output: The Role of Reforms

Lorenzo E. Bernal-Verdugo, Davide Furceri and Dominique Guillaume

2013/090: The Investment Technology of Foreign and Domestic Institutional Investors in an Emerging Market

Ila Patnaik and Ajay Shah

2013/089: Fiscal Sustainability: A 21st Century Guide for the Perplexed

Evan Tanner

2013/088: Market-Based Structural Top-Down Stress Tests of the Banking System

Jorge Chan-Lau

2013/087: GPM6: The Global Projection Model with 6 Regions

Ioan Carabenciov, Charles Freedman, Roberto Garcia-Saltos, Douglas Laxton, Ondrej Kamenik and Petar Manchev

2013/086: Leaning Against the Wind and the Timing of Monetary Policy

Itai Agur and Maria Demertzis

2013/085: Monetary Transaction Costs and the Term Premium

Raphael Espinoza and Dimitrios Tsomocos

2013/084: Italian Sovereign Spreads: Their Determinants and Pass-through to Bank Funding Costs and Lending Conditions

Edda Zoli

2013/083: China’s Path to Consumer-Based Growth: Reorienting Investment and Enhancing Efficiency

Il Lee, Murtaza Syed and Liu Xueyan

2013/082: China’s Demography and its Implications

Il Lee, Xu Qingjun and Murtaza Syed

2013/081: Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe

Adolfo Barajas, Thorsten Beck, Era Dabla-Norris and Seyed Reza Yousefi

2013/080: Current Account Norms in Natural Resource Rich and Capital Scarce Economies

Juliana Araujo, Grace Li, Marcos Poplawski Ribeiro and Luis-Felipe Zanna

2013/079: The Day After Tomorrow: Designing an Optimal Fiscal Strategy for Libya

Carlos Caceres, Serhan Cevik, Marco Committeri and Borja Gracia

2013/078: Hitchhiker’s Guide to Inflation in Libya

Serhan Cevik and Katerina Teksoz

2013/077: Measuring and Mending Monetary Policy Effectiveness Under Capital Account Restrictions: Lessons from Mauritania

Robert Blotevogel

2013/076: The Global Financial Crisis: An Anatomy of Global Growth

Troy Matheson

2013/075: How Effective are Macroprudential Policies in China?

Bin Wang and Tao Sun

2013/074: Rebalancing: Evidence from Current Account Adjustment in Europe

Ruben Atoyan, Jonathan Manning and Jesmin Rahman

2013/073: Aid, Exports, and Growth: A Time-Series Perspective on the Dutch Disease Hypothesis

Joong Kang, Alessandro Prati and Alessandro Rebucci

2013/072: Non-Performing Loans in CESEE: Determinants and Impact on Macroeconomic Performance

Nir Klein

2013/071: Growth Slowdowns and the Middle-Income Trap

Shekhar Aiyar, Romain Duval, Damien Puy, Yiqun Wu and Longmei Zhang

2013/070: Factors Influencing Emerging Market Central Banks’ Decision to Intervene in Foreign Exchange Markets

Matthew Malloy

2013/069: The Economics of Political Transitions: Implications for the Arab Spring

Padamja Khandelwal and Agustin Roitman

2013/068: A Framework for Macroprudential Bank Solvency Stress Testing: Application to S-25 and Other G-20 Country FSAPs

Andreas Jobst, Li Ong and Christian Schmieder

2013/067: The Challenge of Debt Reduction during Fiscal Consolidation

Luc Eyraud and Anke Weber

2013/066: The Impact of Uncertainty Shocks on the UK Economy

Stephanie Denis and Prakash Kannan

2013/065: Rules, Discretion, and Macro-Prudential Policy

Itai Agur and Sunil Sharma

2013/064: Rating Through-the-Cycle: What does the Concept Imply for Rating Stability and Accuracy?

John Kiff, Michael Kisser and Liliana Schumacher

2013/063: Stock-Flow Adjustments, Government’s Integrated Balance Sheet and Fiscal Transparency

Mike Seiferling

2013/062: Export Performance in Europe: What Do We Know from Supply Links?

Jesmin Rahman and Tianli Zhao

2013/061: Forecasting and Monetary Policy Analysis in Low-Income Countries: Food and non-Food Inflation in Kenya

Michal Andrle, Andrew Berg, Rogelio Morales, Rafael Portillo and Jan Vlcek

2013/060: Quarterly GDP Revisions in G-20 Countries: Evidence from the 2008 Financial Crisis

Manik Shrestha and Marco Marini

2013/059: External Linkages and Policy Constraints in Saudi Arabia

Niklas Westelius

2013/058: A Framework for Efficient Government Investment

Andrew Warner

2013/057: Targeting, Cascading, and Indirect Tax Design

Michael Keen

2013/056: Information Rigidities in Economic Growth Forecasts: Evidence from a Large International Panel

Jonas Dovern, Ulrich Fritsche, Prakash Loungani and Natalia Tamirisa

2013/055: Getting to Know GIMF: The Simulation Properties of the Global Integrated Monetary and Fiscal Model

Derek Anderson, Benjamin Hunt, Mika Kortelainen, Michael Kumhof, Douglas Laxton, Dirk Muir, Susanna Mursula and Stephen Snudden

2013/054: Systemic Contingent Claims Analysis: Estimating Market-Implied Systemic Risk

Andreas Jobst and Dale Gray

2013/053: The Quality of the Recent High-Growth Episode in Sub-Saharan Africa

Marcelo Martinez and Montfort Mlachila

2013/052: Outward Foreign Direct Investment and Domestic Investment: The Case of Developing Countries

Ali Al-Sadiq

2013/051: Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa: What Room for Policy?

François Boutin-Dufresne, Santiago Peña, Oral Williams and Tomasz A. Zawisza

2013/050: The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries

Alberto Behar

2013/049: Fiscal Multipliers in Bulgaria: Low But Still Relevant

Dirk Muir and Anke Weber

2013/048: Taxation, Bank Leverage, and Financial Crises

Ruud de Mooij, Michael Keen and Masanori Orihara

2013/047: Financial Stability In An Evolving Regulatory And Supervisory Landscape

Yingbin Xiao

2013/046: Too Small to Fail? Subnational Spending Pressures in Europe

Luc Eyraud and Marialuz Moreno Badia

2013/045: Asset Price Bubbles: A Selective Survey

Anna Scherbina

2013/044: Dealing with Private Debt Distress in the Wake of the European Financial Crisis A Review of the Economics and Legal Toolbox

Yan Liu and Christoph Rosenberg