Title: Impact of Macroeconomic, Political, and Institutional Factors on the Structure of Government Debt in Emerging Market Countries
Author/Editor: Guscina, Anastasia
Series: Working Paper No. 08/205
Date: August 1, 2008
Subject(s): Emerging markets | Domestic debt | Financial crisis | Political economy | Financial institutions | Financial stability | Interest rates | Inflation | Working Paper
Author's keyword(s): Government debt | emerging markets | original sin | debt structure

Title: Zero Corporate Income Tax in Moldova: Tax Competition and Its Implications for Eastern Europe
Author/Editor: Piatkowski, Marcin ; Jarmuzek, Mariusz
Series: Working Paper No. 08/203
Date: August 1, 2008
Subject(s): Moldova | Corporate taxes | Tax policy | Competition | Economic integration | Public investment | Tax revenues | Foreign direct investment | Social policy | Working Paper
Author's keyword(s): Tax competition; Corporate Taxes

Title: Macroeconomic Effects of Pension Reform in Russia
Author/Editor: Hauner, David
Series: Working Paper No. 08/201
Date: August 1, 2008
Subject(s): Russian Federation | Pensions | Economic reforms | Private savings | Tax policy | Public investment | Consumption taxes | Aging | Population | Value added tax | Working Paper
Author's keyword(s): Russia | pension reform | DSGE models.

Title: Efficiency Costs of Myanmar’s Multiple Exchange Rate Regime
Author/Editor: Hori, Masahiro ; Ching Wong, Yu
Series: Working Paper No. 08/199
Date: August 1, 2008
Subject(s): Exchange rate regimes | Myanmar | Multiple exchange rates | Exchange markets | Economic models | Trade models | National accounts | Gross domestic product | Exports | Imports | Working Paper
Author's keyword(s): Multiple Exchange Rate | Exchange Rate Unification | Efficiency Analysis

Title: The Myth of Post-Reform Income Stagnation: Evidence from Brazil and Mexico
Author/Editor: Carvalho Filho, Irineu E. ; Chamon, Marcos
Series: Working Paper No. 08/197
Date: August 1, 2008
Subject(s): Brazil | Mexico | Data analysis | Economic reforms | Income | Private consumption | Consumer prices | Deflation | Economic models | Economic policy | Working Paper
Author's keyword(s): Household consumption; Measurement error; CPI Bias; Economic reform; Trade liberalization; Inflation stabilization.

Title: Pension Privatization and Country Risk
Author/Editor: Cuevas, Alfredo ; Gonzalez, Maria ; Lombardo, Davide ; López-Marmolejo, Arnoldo
Series: Working Paper No. 08/195
Date: August 1, 2008
Subject(s): Pensions | Privatization | Credit risk | Public debt | Economic models | Social security
Author's keyword(s): Credit Risk | Credit Ratings | Pension Reform | Public Debt | Transition Costs

Title: Understanding the Inflationary Process in the GCC Region: The Case of Saudi Arabia and Kuwait
Author/Editor: Hasan, Maher ; Alogeel, Hesham
Series: Working Paper No. 08/193
Date: August 1, 2008
Subject(s): Inflation | Saudi Arabia | Kuwait | Money supply | Exchange rate stability | Bilateral trade | Cooperation Council for the Arab States of the Gulf
Author's keyword(s): Inflation | trading partners’ inflation | pass-through effect | demand shocks | excess money supply | error correction model (ECM).

Title: Monetary Transmission in an Emerging Targeter: The Case of Brazil
Author/Editor: Catão, Luis ; Laxton, Douglas ; Pagan, A. R.
Series: Working Paper No. 08/191
Date: August 1, 2008
Subject(s): Brazil | Monetary policy | Inflation targeting | Emerging markets | Bank credit | Interest rates | Developed countries | Economic models | Disinflation
Author's keyword(s): Monetary Policy | Inflation | Credit Channel | SVAR | Brazil

Title: Investigating Inflation Dynamics in Sudan
Author/Editor: Moriyama, Kenji
Series: Working Paper No. 08/189
Date: July 1, 2008
Subject(s): Sudan | Inflation | Money supply | Real effective exchange rates | Monetary policy | Economic models
Author's keyword(s): inflation | money supply | nominal exchange rate | and monetary policy.

Title: What Goes Up Must Come Down? House Price Dynamics in the United States
Author/Editor: Klyuev, Vladimir
Series: Working Paper No. 08/187
Date: July 1, 2008
Subject(s): United States | Housing prices
Author's keyword(s): House prices

Title: Rising Income Inequality: Technology, or Trade and Financial Globalization?
Author/Editor: Jaumotte, Florence ; Lall, Subir ; Papageorgiou, Chris
Series: Working Paper No. 08/185
Date: July 1, 2008
Subject(s): Income distribution | Globalization | Foreign direct investment | Human capital | Education | Economic models | Trade models
Author's keyword(s): Income inequality | mechanisms | trade globalization | financial globalization | technological progress | FDI.

Title: Kernel Density Estimation Based on Grouped Data: The Case of Poverty Assessment
Author/Editor: Minoiu, Camelia ; Reddy, Sanjay G.
Series: Working Paper No. 08/183
Date: July 1, 2008
Subject(s): Poverty | Economic models | Income distribution | Data analysis
Author's keyword(s): kernel density estimation | income distribution | grouped data | poverty

Title: Convergence in Emerging Europe: Sustainability and Vulnerabilities
Author/Editor: Vamvakidis, Athanasios
Series: Working Paper No. 08/181
Date: July 1, 2008
Subject(s): Europe | Emerging markets | Transition economies | Balance of payments | Economic growth | Current account balances | External debt
Author's keyword(s): European Economy | Economic Growth | Current Account Adjustment.

Title: Germany's Corporate Governance Reforms: Has the System Become Flexible Enough?
Author/Editor: Odenius, Jürgen
Series: Working Paper No. 08/179
Date: July 1, 2008
Subject(s): Germany | Corporate governance | Economic reforms | Securities regulations
Author's keyword(s): Corporate governance | internal control | self-dealing | external control

Title: Consumer Confusion: The Choice of AFORE in Mexico
Author/Editor: Calderon-Colin, Roberto ; Dominguez, Enrique E. ; Schwartz, Moises
Series: Working Paper No. 08/177
Date: July 1, 2008
Subject(s): Mexico | Pensions | Pension supervision | Competition | Demand
Author's keyword(s): Pensions | defined contribution | individual accounts | competition | retirement savings | consumer choice | consumer confusion | noise distribution | mark-up.

Title: Inflation Smoothing and the Modest Effect of VAT in Germany
Author/Editor: Carare, Alina ; Danninger, Stephan
Series: Working Paper No. 08/175
Date: July 1, 2008
Subject(s): Germany | Inflation | Value added tax | Price increases | Competition
Author's keyword(s): Inflation | VAT

Title: Determinants of Foreign Currency Borrowing in the New Member States of the EU
Author/Editor: Rosenberg, Christoph B. ; Tirpák, Marcel
Series: Working Paper No. 08/173
Date: July 1, 2008
Subject(s): Europe | European Union | External borrowing | Private sector | Foreign investment | Exchange rate regimes | Euro
Author's keyword(s): Foreign currency borrowing | new EU member states | Central and Eastern Europe

Title: The ECB’s Monetary Analysis Revisited
Author/Editor: Berger, Helge ; Harjes, Thomas ; Stavrev, Emil
Series: Working Paper No. 08/171
Date: July 1, 2008
Subject(s): European Central Bank | Monetary policy | Central bank policy | Economic models | Asset prices | Consumer prices | Financial sector | Money
Author's keyword(s): ECB | monetary analysis | monetary pillar | New Keynesian model | DSGE model | P* model | Two-pillar Phillips curve | VAR model | generalized dynamic factor model

Title: Credit Matters: Empirical Evidence on U.S. Macro-Financial Linkages
Author/Editor: Bayoumi, Tamim ; Melander, Ola
Series: Working Paper No. 08/169
Date: July 1, 2008
Subject(s): United States | Credit | External shocks | Capital markets | Asset ratio | Consumer credit | Corporate sector | Loans | Gross domestic product
Author's keyword(s): Macro-Financial | Credit | Lending Standards | Bank Capital | Financial Accelerator

Title: Do the Gulf Oil-Producing Countries Influence Regional Growth? the Impact of Financial and Remittance Flows
Author/Editor: Ilahi, Nadeem ; Shendy, Riham
Series: Working Paper No. 08/167
Date: July 1, 2008
Subject(s): Middle East | Oil producing countries | Cooperation Council for the Arab States of the Gulf | Economic growth | Capital flows | Gross domestic product | Private consumption | Private investment | Outward remittances | Regional shocks | Oil prices | Capital markets | Business cycles | Emerging markets
Author's keyword(s): Business cycle | emerging markets | growth linkages | North | South | Middle East | GCC | regional linkage | decoupling | divergence | convergence | remittances | capital flows.

Title: Reforming Government Subsidies in the New Member States of the European Union
Author/Editor: Mulas-Granados, Carlos ; Koranchelian, Taline ; Segura-Ubiergo, Alex
Series: Working Paper No. 08/165
Date: July 1, 2008
Subject(s): Working Paper | European Union | Subsidies | Economic reforms | Agricultural subsidies | Industrial subsidies
Author's keyword(s): European Union | new member states |