IMF Working Papers

IMF Research Bulletin
IMF Working Papers
Working Paper 13/235
Cross-Border Activity of Japanese Banks
Raphael W. Lam
Working Paper 13/236
Drivers of Growth: Evidence from Sub-Saharan African
Manuk Ghazanchyan; Janet Gale Stotsky
Working Paper 13/237
e Investment-Financing-Growth Nexus:
e Case of Liberia
Will Clark; Manuel Rosales
Working Paper 13/238
Debt Reduction, Fiscal Adjustment, and Growth in
Credit-Constrained Economies
Emanuele Baldacci; Sanjeev Gupta; Carlos Mulas-Granados
Working Paper 13/239
Money Targeting in a Modern Forecasting and Policy Analysis
System: An Application to Kenya
Michal Andrle; Andrew Berg; Enrico Berkes; Rafael A. Portillo;
Jan Vlcek; R. Armando Morales
Working Paper 13/240
Sector-Level Productivity, Structural Change, and
Rebalancing in China
Malhar Nabar; Kai Yan
Working Paper 13/241
Aggregate Uncertainty and the Supply of Credit
Fabian Valencia
Working Paper 13/242
Baltic and Icelandic Experiences of Capital Flows and
Capital Flow Measures
Audun Groenn; Maria Wallin Fredholm
Working Paper 13/243
Local Government Financing Platforms in China:
A Fortune or Misfortune?
Yinqiu Lu; Tao Sun
Working Paper 13/244
Understanding Countries’ Tax Eort
Ricardo Fenochietto; Carola Pessino
Working Paper 13/245
Labor Force Participation and Monetary Policy in the
Wake of the Great Recession
Christopher J. Erceg; Andrew Levin
Working Paper 13/246
Credit Constraints, Political Instability, and
Capital Accumulation
Risto Herrala; Rima Turk Ariss
Working Paper 13/247
e Redistributive Eects of Financial Deregulation
Anton Korinek; Jonathan Kreamer
Working Paper 13/248
is Time ey Are Dierent: Heterogeneity and Nonlinearity
in the Relationship Between Debt and Growth
Markus Eberhardt; Andrea Presbitero
Working Paper 13/249
Inequality, Leverage, and Crises: e Case of
Endogenous Default
Michael Kumhof; Romain Ranciere; Pablo Winant
Working Paper 13/250
Africa’s Rising Exposure to China: How Large Are Spillovers
rough Trade?
Paulo Drummond; Estelle X. Liu
Working Paper 13/251
Monetary Transmission in Brazil: Has the Credit
Channel Changed?
Mercedes Garcia-Escribano
Working Paper 13/252
A Financial Conditions Index for Poland
Giang Ho; Yinqiu Lu
Working Paper 13/253
Policy Analysis and Forecasting in the World Economy:
A Panel Dynamic Stochastic General Equilibrium Approach
Francis Vitek
Working Paper 13/254
Real Money Investors and Sovereign Bond Yields
Laura Jaramillo; Yuanyan Sophia Zhang
Working Paper 13/255
Securitization: Lessons Learned and the Road Ahead
Miguel A. Segoviano Basurto; Bradley Jones; Peter Lindner;
Johannes Blankenheim
Working Paper 13/256
Adding China to the Global Projection Model
Patrick Blagrave; Peter Elliott; Roberto Garcia-Saltos; Douglas
Hostland; Douglas Laxton; Fan Zhang
Working Paper 13/257
System Priors: Formulating Priors about DSGE
Models’ Properties
Michal Andrle; Jaromir Benes

To continue reading