This paper assesses the choice of different regulatory policy instruments for crisis managementand prevention. To this end a two-period, rational expectations, monetary general equilibrium modelwith commercial banks, collateral, securitization and default is contructed in order to explain...

We present a dynamic network loading model that yields queue length distributions, accounts for spillbacks, and maintains a differentiable mapping from the dynamic demand on the dynamic queue lengths. The model also captures the spatial correlation of all queues adjacent to a node, and derives...

The perception that Asia's inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that there is little scope for a policy reaction to a build-up of inflationary pressures. However, Asia's fast growth and integration over the last two decades suggest that the drivers...

Analytic queueing network models often assume infinite capacity queues due to the difficulty of grasping the between-queue correlation. This correlation can help to explain the propagation of congestion. We present an analytic queueing network model which preserves the finite capacity of the...

We propose a new Financial Condition Index (FCI) for Asian economies based on two different methodologies: a VAR model and a Dynamic Factor Model. The paper shows that this index has predictive power in forecasting GDP growth and may be thus used as a leading indicator. Based on the FCI,...

This note presents the preliminary estimates of 2011 trade flows produced by the Inter-American Development Bank's (IDB) Integration and Trade Sector. The estimates are based on partial year data for sixteen available Latin American countries and are calculated on the basis of national sources...

This paper presents an analytical model, based on finite capacity queueing network theory, to evaluate congestion in protein synthesis networks. These networks are modeled as a set of single server bufferless queues in a tandem topology. This model proposes a detailed state space formulation,...

This paper introduces agent heterogeneity, liquidity, and endogenous default to a DSGE framework. Our model allows for a comprehensive assessment of regulatory and monetary policy, as well as welfare analysis in the different sectors of the economy. Due to liquidity and endogenous default, the...

This note presents the preliminary estimates of 2011 trade flows produced by the Inter-American Development Bank's (IDB) Integration and Trade Sector. The estimates are based on partial year data for sixteen available Latin American countries and are calculated on the basis of national sources...

The perception that Asia's inflation dynamics are driven by idiosyncratic supply shocks implies, as a corollary, a limited scope for policy responses to inflationary pressures. However, Asia's fast growth and integration with the global economy in the last couple of decades suggest that the...