December 2020 (3800 kb PDF file): The greatest contribution that economic research can make right now is to analyze the impact of the pandemic and cast light on its shadows, so that the paths, both behind and ahead of us, begin to emerge. There is no darkness but ignorance. The 2020 Fall/Winter issue of IMF Research Perspectives looks at the history of social unrest in the aftermath of pandemics, the inequalities of telework, COVID’s infection of banks, and how economic activity has been shaped by people’s reaction to the virus

December 2019 (6019 kb PDF file):  The Fall/Winter 2019 issue of the IMF Research Perspectives explores the different trajectories international trade has taken in the past few years. Articles shed light on the consequences of trade barriers as well as on the role played by trade intermediaries and cargo vessels. The issue also includes an interview with Antonio Spilimbergo, the new deputy director of the IMF Research Department.

December 2018 (6420 kb PDF file):  The Fall-Winter 2018 Research Perspective looks at “New Opportunities and Future Global Challenges.” As guest editor Marika Santoro notes in the introduction to this issue: “Future challenges will encompass going from a recovery in the housing sector to a new boom. This would not only pose new threats to macroeconomic and financial stability that central banks will have to tackle, but might also contribute to an even wider gap between young renters and wealthier homeowners. Populism has spun off into a new wave of protectionism. As technology and the wave of big data advance, so will the economy and policymaking. New policy measures will have to be supported by more complex sets of data with availability beyond traditional official sources and by new communication strategies. The large repository of data available throughout the digitalized domain provides vast, unexplored opportunities for policymaking. And new opportunities and challenges in the digital era can arise with the possible digitalization of money as we know it.

September 2017 (891 kb PDF file):  The Fall 2017 IMF Research Bulletin includes a Q&A; article covering "Seven Questions on the Globalization of Farmland" by Christian Bogmans. The first research summary, by Manmohan Singh and Haobing Wang, is "Central Bank Balance Sheet Policies: Some Policy Implications." The second research summary is "Leaning Against the Windy Bank Lending" by Giovanni Melina and Stefania Villa. A listing of new IMF Working Papers and Staff Discussion Notes is featured, as well as new titles from IMF Publications. Information on IMF Economic Review is also included.

March 2017 (855 kb PDF file):  This issue of the IMF Research Bulletin features recommended readings from IMF Publications and an update on recent IMF Working Papers and IMF Staff Discussion Notes. It also includes a special announcement welcoming Linda Tesar (University of Michigan) as the new editor of “IMF Economic Review.” The Q&A; section explores “Seven Questions on China-Africa Relations” (Luiz Almeida, Wenjie Chen, and Oral Williams). The Research Summaries surveys “Income Polarization in the United States” (Ali Alichi, Kory Kantenga, and Juan Sole); and “The Future Wealth of Nations: World Trade in Services” (Prakash Loungani, Saurabh Mishra, Chris Papageorgiou, and Ke Wang).

September 2016 (5310 kb PDF file):  The September 2016 issue of the IMF Research Bulletin includes the following two Research Summaries: “A New Look at Bank Capital” (by Jihad Dagher, Giovanni Dell’Ariccia, Luc Laeven, Lev Ratnovski, and Hui Tong) and “Does Growth Create Jobs?: Evidence for Advance and Developing Economies (by Zidong An, Nathalie Gonzalez Prieto, Prakash Loungani, and Saurabh Mishra). The Q&A; article by Rabah Arezki discusses “Seven Questions on Rethinking the Oil Market in the Aftermath of the 2014-16 Price Slump.” A listing of recent IMF Working Papers, Staff Discussion Notes, and Recommended Readings from IMF Publications are also included. Readers can also find an announcement on the 2016 Annual Research Conference and links to top cited 2015 articles in the IMF Economic Review.

March 2016 (4156 kb PDF file):  The research summaries in this issue are "Explaining the Recent Slump in Investment" (Mathieu Bussiere, Laurent Ferrara, and Juliana Milovich) and "The Quest for Stability in the Housing Markets" (Hites Ahir). The Q&A; column reviews "Seven Questions on Estimating Monetary Transmission Mechanism in Low-Income Countries" (Bin Grace Li, Christopher Adam, and Andrew Berg). Also included in this issue are updates on the IMF’s official journal, the IMF Economic Review, and recommended readings from IMF Publications.

September 2015 (1083 kb PDF file):  The September 2015 issue of the IMF Research Bulletin covers a range of research topics. The Research Summaries featured in this issue are “Lower for Longer: Neutral Rates in the United States” (Andrea Pescatori and Jarkko Turunen) and “Economic Principles for Resource Revenue Management” (Anthony J. Venables and Samuel Wills). The Q&A; article looks at “Seven Questions on Financing for Development” (Amadou Sy) and the global development agenda. The issue also includes special announcements on the 2015 Annual Research Conference and the 2015 IMF Annual Report, as well as new IMF publications. Readers will also find a link to a top-viewed article from the “IMF Economic Review”—the IMF’s official research journal.

March 2015 (1024 kb PDF file):  Articles in the March 2015 IMF Research Bulletin focus on the oil market, energy subsidies, and output. The Research Summary on "An Exploration in Deep Corners of the Oil Market," authored by Rabah Arezki, Douglas Laxton, Armen Nurekyan, and Hou Wang, examines fluctuations in oil prices. "The State Budget May Afford It All" by Christian Ebeke and Constant Lonkeng Ngbouana reviews energy subsidies and their fiscal, distributional, and environmental costs. In the “Q&A;” column Pau Rabanal takes a look at “Seven Questions on Potential Output.” The Bulletin includes a listing of recent IMF Working Papers, Staff Discussion Notes, recommended readings from IMF Publications, and a call for papers for the next Annual Research Conference. A link with information and free access to IMF Economic Review is also included.

September 2014 (1273 kb PDF file):  This issue of the IMF Research Bulletin opens with a letter from the new editor, Rabah Arezki. The Research Summaries are a "Primer on 'Global Liquidity'" (Eugenio Cerutti, Stijn Claessens, and Lev Ratnovski); and "Trade Integration adn Business Cycle Synchronization" (Kevin Cheng, Romain Duval, and Dulani Senevirante). The Q&A; column looks at "Seven Questions on the Global Housing Markets" (Hites Ahir, Heedon Kang, and Prakash Loungani). September 2014 issue of the Bulletin also includes updates on IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore, as well as special announcements on new staff publications and the Fifteenth Annual Jacques Polak Research Conference. Also included is information on the latest issue of “IMF Economic Review” with a link to an article by Paul Krugman.

March 2014 (1058 kb PDF file):  The Research Summaries in the March 2014 Research Bulletin focus on efficiency of health expenditure (Francesco Grigoli and Javier Kapsoli) and employment growth in European Union countries (Bas B. Bakker and Li Zeng). The Q&A; article looks at “Seven Questions on Financial Interconnectedness” (Co-Pierre Georg and Camelia Minoiu). The Research Bulletin also includes a listing of IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore. Information on the IMF Economic Review—the research journal of the IMF—is also provided.

September 2013 (699 kb PDF file):  The Research Summaries in the September 2013 IMF Research Bulletin focus on “External Conditions and Debt Sustainability in Latin America” (Gustavo Adler and Sebastian Sosa) and “Monetary Policy Cyclicality in Emerging Markets” (Donal McGettigan, Kenji Moriyama, and Chad Steinberg). In the Q&A;, Itai Aigur and Sunil Sharma discuss “Seven Questions on Macroprudential Policy Frameworks.” The Research Bulletin also includes an updated listing of recent IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore, as well as information on a forthcoming conference. The IMF Economic Review’s new Impact Factor is also highlighted.

March 2013 (714 kb PDF file):  The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arslanalp and Takahiro Tsuda). The Q&A; looks at "Seven Questions on the Implications of Global Supply Chains for Real Effective Exchange Rates" (Rudolfs Bems). Readers can also find in this issue a listing of recent IMF Working Papers, Staff Discussion Notes, and Recommended Readings from IMF Publications. The Bulletin also includes a call for papers for a research conference and information on free access to the IMF Economic Review in April.

September 2012 (616 kb PDF file):  The research summaries in the September 2012 issue of the IMF Research Bulletin are "Surges in Capital Flows: Why History Repeats Itself" (by Mahvash S. Qureshi) and "The LIC-BRIC Linkage: Growth Spillovers" (by Issouf Samake, Yongzheng Yang, and Catherine Pattillo). The Q&A; covers "Seven Questions on Monetary Transmission in Low-Income Countries" (by Prachi Mishra and Peter Montiel). "Conversations with a Visiting Scholar" features an interview with IMF Fellow Olivier Coibion. Also included in this issue are details on the IMF Fellowship Program, visiting scholars at the IMF, a listing of recently published IMF Working Papers and Staff Discussion Notes, and an announcement on IMF Economic Review's first Impact Factor.

March 2012 (1819 kb PDF file):  The research summaries in the March 2012 issue of the IMF Research Bulletin are "Foreign Direct Investment and the Crisis: Is This Time Different?" (by Yuko Kinoshita) and "Food Prices and Inflation" (by James P. Walsh). The Q&A; covers seven questions on "Unemployment through the Prism of the Great Recession" (by Prakash Loungani). This issue also launches a new feature "Conversations with Visiting Scholars" with an interview with Tom Sargent, winner of the 2011 Nobel Prize in Economic Sciences. Also included in this issue are details on visiting scholars at the IMF, a listing of recently published IMF Working Papers, and information on the next issue of IMF Economic Review.

September 2011 (377 kb PDF file):  The Q&A; in this issue features seven questions about economic recovery after wars or other open conflict (by Antonio C. David, Fabiano Rodrigues Bastos, and Marshall Mills). The research summaries are "Revisiting Capital Controls" (by Marcos Chamon) and "Capital Flows and Financial Stability: Monetary Policy and Macroprudential Responses" (by D. Filiz Unsal). The issue also provides details on visiting scholars at the IMF (mainly from September through December 2011), as well as recently published IMF Working Papers and Staff Discussion Notes.

March 2011 (687 kb PDF file):  The Q&A; in this issue features seven questions on the role of precautionary savings in open economies (by Damiano Sandri); the research summaries are "The Macroeconomics of Aid (by Andrew Berg, Rafael Portillo, and Luis-Felipe Zanna) and “The Building Blocks to Measure Inflation” (by Mick Silver). The issue also lists the contents of the March 2011 issue of the IMF Economic Review, Volume 59 Number 1; visiting scholars at the IMF during January–March 2011; and recent IMF Working Papers and Staff Discussion Notes.

September 2010 (1191 kb PDF file):  The Q&A; in this issue features seven questions on "How Institutions Shape Financial Markets" (by Bernardin Akitoby); research summaries on "Transmission of the Great Recession from Advanced to Emerging Economies" (by Andrew Swiston) and "Sovereign Debt and Default" (by Emine Boz); the contents of the inaugural issue of the IMF Economic Review; a listing of visiting scholars at the IMF during July–September 2010; and listings of recent IMF Working Papers and Staff Position Notes.

March 2010 (648 kb PDF file):  The Q&A; in this issue features seven questions about house price cycles (by Prakash Loungani; research summaries on "Forecasting Recessions: Consensus and Disagreement" (by Natalia Tamirisa) and "Searching for Robust Growth Determinants" (by Alin Mirestean and Charalambos Tsangarides); the contents of the latest issue of IMF Staff Papers; a listing of visiting scholars at the IMF during January–March 2010; and listings of recent IMF Working Papers and Staff Position Notes.

September 2009 (655 kb PDF file):  The Q&A; in this issue features seven questions about policy options for emerging market countries (by Marcos Chamon, Chris Crowe, and Jun Il Kim); research summaries on “Does Trade and Financial Globalization Cause Income Inequality?” (by Chris Papageorgiou) and “The Current Account of Oil-Exporting Countries (by Irineu E. de Carvalho Filho); an article on the launch of the IMF’s new research journal, IMF Economic Review, and the contents of the upcoming IMF Staff Papers, which the new the new journal will succeed in 2010; an article on the upcoming Tenth Annual Jacques Polak Research Conference; a listing of visiting scholars at the IMF during July–September 2009; and listings of recent IMF Working Papers and Staff Position Notes.

March 2009 (1691 kb PDF file):  IMF research summaries on measures of financial integration (by Martin Schindler) and on sovereign wealth funds and financial stability (by Tao Sun and Heiko Hesse); regional study on cross-border labor flows in new European Union member states (by Rudolfs Bems); listing of contents of Vol. 56 No. 1 of IMF Staff Papers, a special issue on frontiers of research on financial globalization; a listing of visiting scholars at the IMF during December 2008–March 2009; and a listing of recent IMF Working Papers.

September 2008 (258 kb PDF file):  IMF research summaries on global population aging and pension reform (by Mario Catalán) and on questions about decoupling (by M. Ayhan Kose); country study on the United States (by Koshy Mathai); listing of visiting scholars at the IMF during June–August 2008; listing of contents of Vol. 55 No. 3 of IMF Staff Papers; listing of recent IMF Working Papers; and a listing of recent external publications by IMF staff.

March 2008 (223 kb PDF file):  IMF research summaries on foreign direct investment (by Yuko Kinoshita) and on trade linkages and business cycles (by Julian di Giovanni and Andrei Levchenko); country study on Mexico (by Roberto Garcia-Saltos); listing of visiting scholars at the IMF during February-June 2008; listing of contents of Vol. 55, Issue No. 1 of IMF Staff Papers; listing of recent IMF Working Papers; and a listing of recent external publications by IMF staff.

September 2007 (221 kb PDF file):  IMF research summary on how globalization affects developing countries (by Prachi Mishra and Petia Topalova); country study on Croatia (by Athanasios Vamvakidis); listing of visiting scholars at the IMF during June 2007-January 2008; listing of contents of Vol. 54, Issue No. 3 of IMF Staff Papers; listing of recent IMF Working Papers; and listing of recent external publications by IMF staff members.

March 2007 (236 kb PDF file):  Research summaries on (1) globalization and macroeconomic volatility (by M. Ayhan Kose), and (2) international financial integration and domestic financial systems (by Thierry Tressel); country study on Germany (by Stephan Danninger); book summary of China and India--Learning from Each Other; listing of contents of Vol. 54, Issue No. 1 of IMF Staff Papers; listing of recent external publications by IMF staff; listing of recent IMF Working Papers; and listing of visiting scholars at the IMF during September 2006-April 2007

September 2006 (1586 kb PDF file):  Research summaries on (1) measuring inflation, and (2) strengthening Poverty Reduction and Growth Facility (PRGF) programs through poverty and social impact analysis (PSIA); country study on Spain; listing of contents of Vol. 53, Special Issue of IMF Staff Papers, summary of recently published IMF book entitled "IMF-Supported Programs: Recent Staff Research"; listings of recent external publications by IMF staff members, IMF Working Papers, and visiting scholars at the IMF during January-August 2006.

March 2006 (630 kb PDF file):  Research summaries on (1) macroeconomic impact of fiscal policy, and (2) pricing of sovereign risk in emerging markets; country study on United Kingdom; listing of recent IMF Policy Discussion Papers; summary of recently published book entitled Emerging Markets and Financial Globalization: Sovereign Bond Spreads in 1870-1913 and Today; listing of external publications by IMF staff in 2005 (continued) and 2006; listing of recent IMF Working Papers; and listing of visiting scholars at IMF, October 2005-February 2006.

September 2005 (1294 kb PDF file):  Research summaries on population aging and international capital flows, and on rent seeking, institutions, and policy effectiveness; country study on France; contents of recent IMF Staff Papers; visiting scholars at the IMF; titles of recent IMF working papers; listing of external publications by IMF staff in 2005; summary of IMF Pre-Conference on Strategies for Changing Institutions.

March 2005 (262 kb PDF file):  Research summaries on inflation and disinflation, and on policy responses to volatile crude oil prices and fiscal dependency; area study on the West African Economic and Monetary Union countries; summary of IMF study on sovereign debt structure for crisis prevention; titles of recent IMF policy discussion papers; visiting scholars at the IMF; summary of recent book entitled The Macroeconomics of HIV/AIDS; titles of recent IMF working papers; call for papers for the Sixth Annual Jacques Polak Research Conference; summary of the Conference on Macroeconomic Policy Challenges in Low-Income Countries.

September 2004 (469 kb PDF file):  Research summaries on fiscal rules and financial development in low-income countries: Old questions or new problems? country study: China; visiting scholars at the IMF; contents of latest issue of IMF Staff Papers; titles of recent IMF policy discussion papers, working papers, and external publications by IMF staff; summary of IMF conference honoring Michael Mussa.

March 2004 (133 kb PDF file):  Research summaries on globalization and synchronization of business cycles and moral hazard versus real hazard; country study: Chile; summary of new study on Hong Kong SAR; visiting scholars at the IMF; summary of Fourth Annual IMF Research Conference and call for papers for Fifth Annual IMF Research Conference; contents of latest issue of IMF Staff Papers; titles of recent IMF working papers and policy discussion papers; list of external publications by IMF staff.

September 2003 (188 kb PDF file):  Research summaries on sovereign bonds and public debt management and on international trade; country study: Sweden; summaries of new study on deflation and recent book: Sweden's Welfare State; contents of latest issue of IMF Staff Papers; visiting scholars at the IMF; titles of recent IMF working papers; list of external publications by IMF staff.

March 2003 (472 kb PDF file):  Research summaries on shocks to balance sheets and emerging market crises and on banking systems in a financially integrated world; country study: South Africa; call for papers for Fourth Annual IMF Research Conference; summaries of Third Annual IMF Research Conference and Global Linkages Conference; contents of special issue of IMF Staff Papers; visiting scholars at the IMF; titles of recent IMF policy discussion papers and working papers; list of external publications by IMF staff.

September 2002 (185 kb PDF file):  Research summaries on sources of economic growth and on capital flows; Country study of Poland; Coverage of a pre-conference on global linkages; Summary of the June 2002 Global Financial Stability Report; Visiting scholars at the IMF; Titles of recent IMF books, occasional papers, economic issues, policy discussion papers, and working papers; External publications by IMF staff.

March 2002 (517 kb PDF file):  Articles reviewing IMF research on dollarization and on the relationship between macroeconomic policies and income distribution; country/area study: The Euro Area; summaries of Second Annual IMF Research Conference and Investor Relations Seminar; list of external publications of IMF staff; IMF working papers; visiting scholars at the IMF.

September 2001 (371 kb PDF file):  Research summaries: growth and trade in Africa, exchange rate-based inflation stabilization; Country study: Russia; Special topic: government finance statistics; summaries of May 2001 World Economic Outlook and August 2001 International Capital Markets report; external publications of IMF staff; visiting scholars at the IMF; IMF working papers, books and other research publications.

March 2001:  Exchange rate regimes in developing economies; systemic banking crises; country study: Mexico; conference on fiscal decentralization; First Annual Research Conference; IMF working papers, Occasional Papers and other research publications; external publications of IMF staff; visiting scholars at the IMF; summary of October 2000 World Economic Outlook

September 2000:  The IMF as international lender of last resort; financial contagion; seminar on financial risks, system stability and economic globalization; IMF working papers and other research publications; external publications of IMF staff; visiting scholars at the IMF; World Economic Outlook summary.