Documents et rapports

Tradeoffs over Rate Cycles : Activity, Inflation and the Price Level (anglais)

Central banks often face tradeoffs in how their monetary policy decisions impact economic activity (including employment), inflation and the price level. This paper assesses how these tradeoffs have evolved...

Resolving Puzzles of Monetary Policy Transmission in Emerging Markets (anglais)

Conventional empirical models of monetary policy transmission in emerging market economies produce puzzling results: monetary tightening often leads to an increase in prices (the price puzzle) and depreciation...

Philippines Monthly Economic Developments (October 2024) (anglais)

Most forward-looking indicators and a strong labor market suggest near-term expansion although manufacturing exports weakened. Sustained disinflation has allowed the Bangko Sentral ng Pilipinas (BSP) to...

Rate Cycles (anglais)

This paper analyzes cycles in policy interest rates in 24 advanced economies over 1970–2024, combining a new application of business cycle methodology with rich time-series decompositions of the shocks...

How Do Rising U.S. Interest Rates Affect Emerging and Developing Economies ? It Depends (anglais)

This paper examines the implications of different types of interest rate shocks in the United States for emerging market and developing economies (EMDEs). It first classifies changes in U.S. interest rates...

The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach (anglais)

This paper analyzes the macroeconomic effects of macroprudential policy—in the form of legal reserve requirements—in three Latin American countries (Argentina, Brazil, and Uruguay). To correctly identify...

IBRD Lending Rates and Spreads Applicable on or after July 1, 2022 (anglais)

Requested Disclosure of Board Records : Access to Information Consultation Memorandum 2020-3 (Case Number AI6733) (anglais)

The Bank has received a public access request for Board and Board Committees related to the work of Joaquin Gutierrez Cano, Executive Director for Spain, during 1966-1967. All the transcripts listed have...

Vietnam - Local Development Investment Funds Project (anglais)

Ratings for the Local Development Investment Funds Project for Vietnam were as follows: outcomes were moderately satisfactory, risk to development outcome was moderate, Bank performance was moderately...

DECPG daily economic news (anglais)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily economic news are as follows: financial markets; high income economies; and developing economies in...

DECPG weekly global economic brief (anglais)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) weekly global economic newsletter are as follows: global equity markets experienced a generalized correction...

Reserve requirements in the brave new macroprudential world (anglais)

Using a new, large data set on quarterly reserve requirements for the period 1970-2011, this paper provides new evidence on the use of reserve requirements as a countercyclical macroprudential tool in...

Reserve requirements in the brave new macroprudential world (anglais)

The active use of prudential instruments to regulate the level of credit and influence its allocation, popular in the 1970s and 1980s, fell somehow into disgrace in the 1990s, when the regulatory pendulum...

Romania - Macro-financial monitoring (anglais)

Romania Economic growth picked up in the first half of 2013 with real GDP growing 1.8 percent, supported by strong exports performance while domestic demand remained subdued. CPI inflation dropped more...

Romania - Macro-financial monitoring (anglais)

Romania’s inflation and interest rate have fallen. The economy is starting to expand led exports (export of goods expanded by 10.8 percent from June to July; seasonally adjusted). However, investment and...

Romania - Macro-financial monitoring (anglais)

Romania’s recent economic performance has been favorable – downward trend for inflation (4.4 percent in July); high growth of industrial production and exports (both grew by about 6 percent from the second...

DECPG daily economics and financial market commentary (anglais)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily brief economics and financial market commentary newsletter are as follows: market rally fades as bailout...

Liberia - Interim Strategy Note : chairman's concluding remarks (anglais)

Monetary policy, structural break, and the monetary transmission mechanism in Thailand (anglais)

The paper studies monetary policy and the monetary transmission mechanism in Thailand in light of the Asian crisis in 1997. Existing studies that adopt structural vector auto-regression (VAR) approaches...

DECPG daily brief economics and financial market commentary (anglais)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily brief economics and financial market commentary newsletter are as follows: U.S. Consumer Price Index...