Documents et rapports
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Macroeconomic implications of financial imperfections : a survey (anglais)
This paper surveys the theoretical and empirical literature on the macroeconomic implications of financial imperfections. It focuses on two major channels through which financial imperfections can affect...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS8260 Date du document: 28 novembre 2017 Mode de publication: Disclosed Auteur: Claessens ,Stijn,Kose,Ayhan
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How important are spillovers from major emerging markets ? (anglais)
The seven largest emerging market economies -- China, India, Brazil, Russia, Mexico, Indonesia, and Turkey -- constituted more than one-quarter of global output and more than half of global output growth...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS8093 Date du document: 7 juin 2017 Mode de publication: Disclosed Auteur: Huidrom,Raju,Kose,Ayhan,Ohnsorge,Franziska Lieselotte
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Macro prudential policies from a micro prudential angle (anglais)
The standard macro(prudential) models focus on externalities and treat all prudential instruments as alternative, but equivalent, forms of Pigouvian taxes. This paper explicitly models individual banks'...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS6721 Date du document: 1 décembre 2013 Mode de publication: Disclosed Auteur: Cordella,Tito,Pienknagura,Samuel Jaime
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Explaining the last consumption boom-bust cyclein Ireland : the role of news and noise shocks (anglais)
The objective of the paper is to explain the last boom and bust in consumption in Ireland by the failure of consumers to correctly distinguish permanent changes in productivity from temporary changes...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS6525 Date du document: 1 juin 2013 Mode de publication: Disclosed Auteur: Diaz Sanchez,Jose Luis
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Gross capital flows : dynamics and crises (anglais)
This paper analyzes the behavior of international capital flows by foreign and domestic agents, dubbed gross capital flows, over the business cycle and during financial crises. The author shows that gross...
Type de document: Article de revue Numéro du rapport: 82879 Date du document: 1 janvier 2013 Mode de publication: Disclosed Auteur: Broner,Fernando,Didier Brandao,Tatiana,Erce, Aitor,Schmukler,Sergio L.
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Macroprudential stress testing of credit risk : a practical approach for policy makers (anglais)
Drawing on the lessons from the global financial crisis and especially from its impact on the banking systems of Eastern Europe, the paper proposes a new practical approach to macroprudential stress testing...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS5936 Date du document: 1 janvier 2012 Mode de publication: Disclosed Auteur: Buncic,Daniel,Melecky,Martin
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When should we worry about inflation? (anglais)
At what level should inflation be a concern? From a growth perspective, high and rising levels of inflation as in 2006-2008 raise concerns that inflation, if uncontained, can undermine growth. On the other...
Type de document: Article de revue Numéro du rapport: 81286 Date du document: 4 novembre 2011 Mode de publication: Disclosed Auteur: Espinoza,Raphael Andre,Leon, Hyginus,Prasad, Ananthakrishnan
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Gross capital flows : dynamics and crises (anglais)
This paper analyzes the joint behavior of international capital flows by foreign and domestic agents -- gross capital flows -- over the business cycle and during financial crises. The authors show that...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS5768 Date du document: 1 août 2011 Mode de publication: Disclosed Auteur: Broner,Fernando,Didier Brandao,Tatiana,Erce, Aitor,Schmukler,Sergio L.