• Publications
  • Influence
Exchange Rate Assessments; CGER Methodologies
The rapid increase in international trade and financial integration over the past decade and the growing importance of emerging markets in world trade and GDP have inspired the IMF to place strongerExpand
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Capital Inflows: The Role of Controls
With the global economy beginning to emerge from the financial crisis, capital is flowing back to emerging market countries (EMEs). These flows, and capital mobility more generally, allow countriesExpand
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Private Saving and Terms of Trade Shocks: Evidence from Developing Countries
The relationship between temporary terms of trade shocks and household saving in developing countries is examined. It is first shown that, from a theoretical standpoint, this relationship isExpand
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Redistribution, Inequality, and Growth
The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for consideringExpand
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International Evidence on Fiscal Solvency: Is Fiscal Policy "Responsible"?
This paper looks at fiscal solvency and public debt sustainability in both emerging market and advanced countries. Evidence of fiscal solvency, in the form of a robust positive conditionalExpand
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Managing Capital Inflows: What Tools to Use?
Ostry, Jonathan David; Ghosh, Atish R.; Habermeier, Karl F; Chamon, Marcos d; Qureshi, Mahvash S; Kokenyne, Annamaria.April, 2011.Managing Capital Inflows,Reports,[Washington D.C.]IMF,StaffExpand
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Tools for managing financial-stability risks from capital inflows
We examine whether macroprudential policies and capital controls can enhance financial stability in the face of the risks typically associated with large capital inflows. We construct new indices ofExpand
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Private Saving and Terms of Trade Shocks
This paper examines the relationship between temporary terms of trade shocks and household saving in developing countries. It is first shown that, from a theoretical standpoint, this relationship isExpand
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Accounting for China's Growth Performance
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Does the Nominal Exchange Rate Regime Matter?
The relevance of the exchange rate regime for macroeconomic performance remains a key issue in international macroeconomics. We use a comprehensive dataset covering nine regime-types for one hundredExpand
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