IMF Working Papers

IMF Research Bulletin
IMF Working Papers
Working Paper 15/238
Dening the Government’s Debt and Decit
Timothy Irwin
Working Paper 15/239
Monetary Transmission: Are Emerging Market
and Low Income Countries Dierent?
Ales Bulir, Jan Vlcek
Working Paper 15/240
External Devaluations: Are Small States Dierent?
Sebastian Acevedo Mejia, Aliona Cebotari, Kevin Greenidge,
Georey N. Keim
Working Paper 15/241
Spillovers from Global and Regional Shocks to Armenia
Knarik Ayvazyan, Teresa Dabán Sánchez
Working Paper 15/242
End of the Supercycle and Growth of Commodity Producers:
e Case of Chile
Luc Eyraud
Working Paper 15/243
Capital Account Liberalization and Inequality
Davide Furceri, Prakash Loungani
Working Paper 15/244
Functional Income Distribution and Its Role
in Explaining Inequality
Maura Francese, Carlos Mulas-Granados
Working Paper 15/245
Informality in Paraguay: Macro-Micro Evidence
and Policy Implications
Mauricio Vargas
Working Paper 15/246
Recognizing the Bias: Financial Cycles and Fiscal Policy
Nina Budina, Borja Gracia, Xingwei Hu, Sergejs Saksonovs
Working Paper 15/247
Resolution Frameworks for Islamic Banks
Elsie Addo Awadzi, Carine Chartouni, Mario Tamez
Working Paper 15/248
How Do Public Debt Cycles Interact with Financial Cycles?
Tigran Poghosyan
Working Paper 15/249
Bank Protability and Risk-Taking
Natalya Martynova, Lev Ratnovski, Razvan Vlahu
Working Paper 15/250
e Unequal Benets of Fuel Subsidies Revisited:
Evidence for Developing Countries
David Coady, Valentina Flamini, Louis Sears
Working Paper 15/251
Forecasting the Nominal Brent Oil Price
with VARs—One Model Fits All?
Benjamin Beckers, Samya Beidas-Strom
Working Paper 15/252
Global Value Chains and the Exchange Rate
Elasticity of Exports
Swarnali Ahmed, Maximiliano Appendino, Michele Ruta
Working Paper 15/253
Multivariate Filter Estimation of Potential Output for
theEuro Area and the United States
Ali Alichi, Olivier Bizimana, Silvia Domit, Emilio Fernández
Corugedo, Douglas Laxton, Kadir Tanyeri, Hou Wang,
Working Paper 15/254
e Nordic Labor Market and Migration
Giang Ho, Kazuko Shirono
Working Paper 15/255
Contingent Liabilities from Banks: How to Track em?
Serkan Arslanalp, Yin Liao
Working Paper 15/256
If the Fed Acts, How Do You React?
e Lio Eect on Capital Flows
Swarnali Ahmed
Working Paper 15/257
Debt Maturity: Does It Matter for Fiscal Space?
Jun Il Kim
Working Paper 15/258
Taylor Visits Africa
Carlos Goncalves
Working Paper 15/259
e U.S. Oil Supply Revolution and the Global Economy
Kamiar Mohaddes, Mehdi Raissi

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