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What makes a currency procyclical ? an empirical investigation (English)

This paper looks at the correlation between the cyclical components of gross domestic product and the exchange rate and classifies countriesapos; currencies as procyclical if they appreciate in good times, countercyclical if they appreciate in bad times, and acyclical otherwise. ... See More +

Policy Research Working Paper WPS7113 NOV 01, 2014

Cordella, Tito; Gupta, Poonam

Statement by Christine Lagarde at the 90th meeting of the Development Committee held on October 11, 2014 (English)

This is a statement by Christine Lagarde, Managing Director of the International Monetary Fund at the ninetieth meeting of the Development Committee held on October 11, 2014. ... See More +

Board Report 91376 OCT 11, 2014

DECPG daily economic news (English)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily economic news are as follows: high income economies; and developing economies in Europe and Central Asia, and Latin America and Caribbean. ... See More +

Newsletter 91122 SEP 25, 2014

Chen, Derek; Kida, Mizuho; Ju Kim, Eung

Fiscal multipliers in recessions and expansions : does it matter whether government spending is increasing or decreasing ? (English)

Using non-linear methods, this paper finds that existing estimates of government spending multipliers in expansion and recession may yield biased results by ignoring whether government spending is increasing or decreasing. ... See More +

Policy Research Working Paper WPS6993 JUL 01, 2014

Riera-Crichton, Daniel; Vegh, Carlos A.; Vuletin, Guillermo

Daily economic news (English)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily economics and financial market commentary newsletter are as follows: financial markets; high-income economies; and developing economies in Europe and Central Asia and Sub-Saharan Africa. ... See More +

Newsletter 88382 MAY 27, 2014

Chen, Derek; Kambou, Gerard; Kim, Eung Ju

Daily economic news (English)

Newsletter 88316 MAY 22, 2014

Chen, Derek; Kambou, Gerard; Kim, Eung Ju

Daily economic news (English)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily economics and financial market commentary newsletter are as follows: financial markets; high-income economies; and developing economies in East Asia and Pacific and Europe and Central Asia. ... See More +

Newsletter 88305 MAY 08, 2014

Chen, Derek; Kambou, Gerard; Kim, Eung Ju

DECPG daily economics and financial market commentary (English)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily economics and financial market commentary newsletter are as follows: financial markets; high-income economies; developing economies in East Asia and Pacific, and Europe and Central Asia. ... See More +

Newsletter 85139 FEB 18, 2014

Chen, Derek; Kambou, Gerard; Kim, Eung Ju

DECPG daily economics and financial market commentary (English)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily economics and financial market commentary newsletter are as follows: high-income economies; developing economies in East Asia and Pacific, and Sub-Saharan Africa. ... See More +

Newsletter 85131 FEB 06, 2014

Chen, Derek; Kambou, Gerard; Kim, Eung Ju

Case study : World Bank engagement with Mongoliaapos;s sovereign wealth fund (English)

Mongolia is currently experiencing a rapid economic transformation generated by vast mineral discoveries. Starting in the past decade, a boom in mining exploration confirmed the existence of large mineral deposits, notably copper, uranium, oil, coal, iron ore, and gold. ... See More +

Brief 85818 FEB 01, 2014

Robbins, Adam B.; Smith, Gregory

Intrinsic motivation, effort and the call to public service (English)

Pay schemes in the public sector aim to attract motivated, high-ability applicants. A nascent literature has found positive effects of higher pay on ability and no or slightly positive effects on motivation. ... See More +

Policy Research Working Paper WPS6729 DEC 01, 2013

Banuri, Sheheryar; Keefer, Philip

DECPG daily economics and financial market commentary (English)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily economics and financial market commentary newsletter are as follows: financial markets; high-income economies; developing economies in East Asia and Pacific, Europe and Central Asia, and Sub-Saharan Africa. ... See More +

Newsletter 84129 NOV 20, 2013

Chen, Derek; Kambou, Gerard; Kim, Eung Ju

DECPG daily economics and financial market commentary (English)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily economics and financial market commentary newsletter are as follows: financial markets; high-income economies; developing economies in East Asia and Pacific, Europe and Central Asia, and Sub-Saharan Africa. ... See More +

Newsletter 84127 NOV 19, 2013

Chen, Derek; Kambou, Gerard; Kim, Eung Ju

Latin Americaapos;s deceleration and the exchange rate buffer (English)

Economic and financial news in the past six months confirm that the external tailwinds that propelled economic activity in Latin America and the Caribbean (LAC) over the past decade continue to recede. ... See More +

Publication 81896 OCT 01, 2013

de la Torre, Augusto; Yeyati, Eduardo Levy; Pienknagura, Samuel; Didier, Tatiana; Schmukler, Sergio

The real exchange rate and export growth : are services different ? (English)

This paper considers the determinants of exports of modern services and traditional services. It considers the growth of export volumes as well as export surges, that is, the periods of rapid sustained export growth. ... See More +

Policy Research Working Paper WPS6629 SEP 01, 2013

Eichengreen, Barry; Gupta, Poonam

Fiscal rules and the pro-cyclicality of public investment in the West African economic and monetary union (English)

Evidence from a large panel of low-income and lower middle-income countries over the period 1995-2012 suggests that, contrary to other countries, public investment in the West African Economic and Monetary Union (WAEMU) has been pro-cyclical. ... See More +

Policy Research Working Paper WPS6562 AUG 01, 2013

Dessus, Sebastien; Diaz Sanchez, Jose Luis; Varoudakis, Aristomene

Mozambique economic update (English)

Mozambiqueapos;s economy grew at 4.8 percent p.a. in the first quarter of 2013. In the first quarter of 2013, growth in Gross domestic product (GDP) was lower than in previous years at 4.8percent p.a. ... See More +

Brief 80184 JUL 01, 2013

Jamaica - Social Protection Project : restructuring (English)

The objectives of the Social Protection Project for Jamaica are to support Jamaica in strengthening its social protection system. (i) further improve the effectiveness of the Program for Advancement Through Health and Education (PATH) to foster investment by poor families in human capital accumulation; (ii) develop a structured system for assisting working age persons of PATH households seek and retain employment; (iii) enable the formulation of a reform program for the pension schemes for public sector workers; and (iv) develop a social protection strategy. ... See More +

Project Paper 78557 JUN 06, 2013

Aid, disbursement delays, and the real exchange rate (English)

Aid donors and recipients have long been concerned that aid inflows may lead to an appreciation of the real exchange rate and an associated loss of competitiveness. ... See More +

Policy Research Working Paper WPS6501 JUN 01, 2013

Jarotschkin, Alexandra; Kraay, Aart

Title Document Date Report No. Document Type Also available in
What makes a currency procyclical ? an empirical investigation (English)
See More +
NOV 01, 2014 WPS7113 Policy Research Working Paper
Statement by Christine Lagarde at the 90th meeting of the Development Committee held on October 11, 2014 (English)
See More +
OCT 11, 2014 91376 Board Report
DECPG daily economic news (English)
See More +
SEP 25, 2014 91122 Newsletter
Fiscal multipliers in recessions and expansions : does it matter whether government spending is increasing or decreasing ? (English)
See More +
JUL 01, 2014 WPS6993 Policy Research Working Paper
Daily economic news (English)
See More +
MAY 27, 2014 88382 Newsletter
Daily economic news (English)
See More +
MAY 22, 2014 88316 Newsletter
Daily economic news (English)
See More +
MAY 08, 2014 88305 Newsletter
DECPG daily economics and financial market commentary (English)
See More +
FEB 18, 2014 85139 Newsletter
DECPG daily economics and financial market commentary (English)
See More +
FEB 06, 2014 85131 Newsletter
Case study : World Bank engagement with Mongoliaapos;s sovereign wealth fund (English)
See More +
FEB 01, 2014 85818 Brief
Intrinsic motivation, effort and the call to public service (English)
See More +
DEC 01, 2013 WPS6729 Policy Research Working Paper
DECPG daily economics and financial market commentary (English)
See More +
NOV 20, 2013 84129 Newsletter
DECPG daily economics and financial market commentary (English)
See More +
NOV 19, 2013 84127 Newsletter
Latin Americaapos;s deceleration and the exchange rate buffer (English)
See More +
OCT 01, 2013 81896 Publication
The real exchange rate and export growth : are services different ? (English)
See More +
SEP 01, 2013 WPS6629 Policy Research Working Paper
Afghanistan - Promoting Economic Growth and Fiscal Sustainability Programmatic Development Policy Series Project : chair summary (English)
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AUG 07, 2013 80155 Board Summary
Fiscal rules and the pro-cyclicality of public investment in the West African economic and monetary union (English)
See More +
AUG 01, 2013 WPS6562 Policy Research Working Paper
Mozambique economic update (English)
See More +
JUL 01, 2013 80184 Brief
Jamaica - Social Protection Project : restructuring (English)
See More +
JUN 06, 2013 78557 Project Paper
Aid, disbursement delays, and the real exchange rate (English)
See More +
JUN 01, 2013 WPS6501 Policy Research Working Paper