Documents & Reports
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Resolving Puzzles of Monetary Policy Transmission in Emerging Markets (English)
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...
Document Type: Policy Research Working Paper Report No.: WPS10974 Document Date: November 14, 2024 Disclosure Status: Disclosed Author: Jongrim Ha,Dohan Kim,Ayhan Kose,Prasad,Eswar S.
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Rate Cycles (English)
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...
Document Type: Policy Research Working Paper Report No.: WPS10876 Document Date: August 20, 2024 Disclosure Status: Disclosed Author: Forbes,Kristin,Jongrim Ha,Ayhan Kose
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Remittances over the Business Cycle : Theory and Evidence (English)
This paper examines the behavior of remittances over the business cycle and their potential to act as a stabilizer during periods of high business cycle volatility. Four main findings are reported. First...
Document Type: Working Paper Report No.: 193245 Document Date: March 1, 2016 Disclosure Status: Disclosed Author: De, Supriyo,Ergys Islamaj,Ayhan Kose,Yousefi, S. Reza