Research
Fiscal policy in Cemac region strongly procyclical: IMF paper
Fund study finds evidence of procyclical nature of fiscal expenditure in Cemac countries
ECB paper identifies source of slump in global trade
European Central Bank study says numerous components of final expenditure contributed to sharp decline in global trade during financial crisis
High markups can exacerbate downturns: IMF paper
Fund study finds evidence that high markups in South Africa creates monetary policy asymmetries
Bank of Finland paper assesses China’s two-track system
Bank of Finland study explains why monetary policy in China uses a combination of price and quantitative instruments
Bank of Japan paper on success of Japan’s deregulation initiative
Bank of Japan study says deregulation in Japan has been broadly successful
Forecasting with multiple interest rates: Bank of Canada paper
Bank of Canada study builds augmented version of forecasting tool that includes multiple interest rates
Risks to Korean banking sector have declined: IMF paper
Fund study says Korean banks face less financial and contagion risk since the financial crisis
Outlook rosier towards the East: ECB paper
European Central Bank study says macroeconomic fluctuations look better in the east than west
Financing constraints reduces productivity growth: IMF paper
Fund study finds tighter credit conditions have a negative effect on factor productivity
European ABS purchases pushed yield curve lower: Fed paper
Federal Reserve study says European acquisitions of asset-backed securities contributed to decline in US bond yields pre-crisis
RBNZ estimates economic benefits from hosting major Rugby tournament
Reserve Bank of New Zealand expects the upcoming 2011 Rugby World Cup to add 1.4% to New Zealand’s growth
Exporting raises firm productivity: Bank of Israel paper
Bank of Israel study shows that exporting firms in Israel are on average more productive than non-exporters
Limitations of credit default swaps as predictor of default: BoC paper
Bank of Canada study says credit default swaps are unable to encompass all bank transactions when assessing default probability during crises
Soft-dollar pegs not optimal in Sub-Saharan Africa: IMF paper
Fund study says soft peg to dollar increases macroeconomic instability in Sub-Sahara African countries
RBA paper on lessons from Australia's labour market since 2000
Reserve Bank of Australia study says evidence from labour market since 2000 shows decline in number of hours worked can prove an effective adjustment mechanism during downturns
International asset markets remain largely segmented: Dallas Fed paper
Dallas Federal Reserve study finds evidence that asset markets are still heavily dependent upon local risk factors
Current account imbalances reversed sharply post-crisis: IMF paper
Fund study says deficit countries experienced significant contraction in current account post-crisis
Firm-level data can improve business cycle forecasting: ECB paper
European Central Bank study says firm-level data of equity price movements can help predict business cycle fluctuations
Exchange rates are influenced by macroeconomic performance: Buba paper
Bundesbank study finds link between macroeconomic fundamentals and exchange rate movements through expectation of monetary policy
Stronger property rights can help alleviate poverty: IMF paper
Fund study says stronger property rights can lead to greater financial deepening in sub-Saharan countries
Bank of Korea paper addresses growth implications of rising capital inflows
Bank of Korea study says improved institutional frameworks should be designed to monitor risks from capital inflows
Unconventional debt markets create monetary policy asymmetries: Banque de France paper
Banque de France study says differences in bond market characteristics can lead to asymmetries in monetary policy
Philly Fed paper on economic effects of fiscal uncertainty
Philadelphia Federal Reserve study says fiscal uncertainty can have impact on economy equivalent to monetary tightening
IMF paper on steps to adjust Middle Eastern current accounts
Fund study identifies steps to reduce imbalance in current accounts of Central Asia and the Middle Eastern countries