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Country Economic Memorandum : Background Note 2 – Economic Growth and Volatility : Is it Sustainable for Sao Tome and Príncipe to have a Large Current Account Deficitand a Fixed Exchange Rate? (English)

Is it sustainable for São Tomé and Príncipe to have a large current account deficit and a fixed exchange rate peg? Sao Tomé and Príncipe (STP) pegs its currency, the dobra, to the euro and has both persistent current account deficits and a persistent inflation differential with the Euro Area. ... See More +

Report 139085 JUN 26, 2019

Arteta,Carlos; Kirby,Patrick Alexander Disclosed

Negative interest rate policies : sources and implications (English)

Against the background of continued growth disappointments, depressed inflation expectations, and declining real equilibrium interest rates, a number of central banks have implemented negative interest rate policies (NIRP) to provide additional monetary policy stimulus over the past few years. ... See More +

Policy Research Working Paper WPS7791 AUG 10, 2016

Arteta,Carlos; Kose,Ayhan; Stocker,Marc; Taskin,Temel Disclosed

Global economic prospects : spillovers amid weak growth (English)

Global growth again fell short of expectations in 2015. Growth is projected to edge up in 2016-18 but the forecast is subject to substantial downside risks. ... See More +

Publication 102968 JAN 01, 2016

Arteta,Carlos; Stocker,Marc; Vashakmadze,Ekaterine T.; Eigen-Zucchi,Christian; Chen,Derek Hung Chiat; Vorisek,Dana Lauren; Shaukat Khan,Tehmina; Kambou,Gerard; Huidrom,Raju; Kose,Ayhan; Ohnsorge,Franziska Lieselotte; Lakatos,Csilla; Maliszewska,Maryla; Petri,Peter A.; Plummer,Michael George; Klein,Maximilian Michael Johann; Shambaugh,Jay Curtis Disclosed

The coming U.S. interest rate tightening cycle : smooth sailing or stormy waters? (English)

Since the global financial crisis, the exceptionally accommodative monetary policy stance of the U.S. Federal Reserve (Fed) has helped support activity, bolstered asset valuations, and reduced risk premia. ... See More +

Board Report 100437 SEP 01, 2015

Arteta,Carlos; Kose, M. Ayhan; Ohnsorge,Franziska Lieselotte; Stocker,Marc Disclosed

DECPG global monthly newsletter (English)

Recent indicators suggest a continued recovery in high-income countries. The U.S. labor market improved further in the second quarter, while manufacturing and services growth in the Euro Area moved up. ... See More +

Newsletter 99342 JUL 01, 2015

Arteta,Carlos; Eigen-Zucchi,Christian; Nguyen, Trang; Gong,Xinghao Disclosed