FREE Policy Brief

Financing for Development: Two Years after Addis

Anders Olofsgård, SITE

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“New Goods” Trade in the Baltics

Julián P. Díaz, Quinlan School of Business
Sang-Wook (Stanley) Cho, University of New South Wales

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Independent Media and Contemporary Military Doctrines

Ekaterina Zhuravskaya, Paris School of Economics

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Cross-Country Differences in Convergence in CESEE

By Bas B. Bakker, IMF
Krzysztof Krogulski, IMF

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Monetary Policy Puzzle in the Presence of a Negative TFP Shock and Unstable Expectations

Dzmitry Kruk, BEROC

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Higher Competition in the Domestic Market – A Way to Boost Aggregate Productivity

Competition is a good thing not only because of lower prices and larger variety. Higher competition in the domestic market also shifts necessary labour and capital resources from less productive domestic-oriented firms to export-oriented productivity champions. Such firms will make better use of production factors...
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Do Regional Ties Add to Depositor Trust during the Crisis? Evidence from Russia

The question of whether regional banks should be treated differently has recently become all the rage in the banking authorities’ debates in Russia. We add to this discussion by analyzing bank regional ties in the flight-to-familiarity context, which implies that agents naturally feel more favorable...
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Gaming the System: Side Effects of Earnings-Dependent Benefits

Today policy makers in developing and middle-income countries face tremendous challenges in combating various forms of tax evasion. Increasingly it is proposed to tie social security benefits to the reported income and in this way increase tax compliance incentives. We use administrative data from Latvia...
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The Economics of Russian Import Substitution

This policy brief discusses the economic mechanisms triggered by import substitution policies, associated losses and conditions that ensure positive economic effects. Numerical estimations of potential effects of Russian import substitution policies indicate a decline in GDP, decrease in output of unprotected sectors and consumers’ welfare...
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