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Loungani, Prakash

Overview
Works: 64 works in 168 publications in 1 language and 980 library holdings
Genres: History 
Classifications: HG3881.5.I58, 330.072
Publication Timeline
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Publications about Prakash Loungani
Publications by Prakash Loungani
Most widely held works by Prakash Loungani
Global housing cycles by Deniz Igan( file )
3 editions published in 2012 in English and held by 172 libraries worldwide
Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements. Empirical analysis shows that house price dynamics are mostly driven by income and demographics but fluctuations in these fundamentals and credit conditions can create deviations from the implied equilibrium path. We conclude with a discussion of the macroeconomic implications of house price corrections
Okun's Law fit at fifty? by Laurence M Ball( file )
5 editions published in 2013 in English and held by 80 libraries worldwide
This paper asks how well Okun's Law fits short-run unemployment movements in the United States since 1948 and in twenty advanced economies since 1980. We find that Okun's Law is a strong and stable relationship in most countries, one that did not change substantially during the Great Recession. Accounts of breakdowns in the Law, such as the emergence of "jobless recoveries," are flawed. We also find that the coefficient in the relationship--the effect of a one percent change in output on the unemployment rate--varies substantially across countries. This variation is partly explained by idiosyncratic features of national labor markets, but it is not related to differences in employment protection legislation
Capital mobility and the output-inflation trade-off by Prakash Loungani( Book )
19 editions published between 1996 and 2000 in English and held by 74 libraries worldwide
Understanding the determinants of the output-inflation tradeoff (or the "sacrifice ratio") has been a key area of research in business cycle theory. The new classical approach [Lucas (1972, 1973)] and the new Keynesian approach [Ball, Mankiw and Romer (1988), Ball (1993)] offer competing explanations for the determinants of the tradeoff. Though these studies use cross-country data to test their models, both approaches are based on closed economy considerations
Globalization and inflation-output tradeoffs by Assaf Razin( Book )
8 editions published in 2005 in English and held by 65 libraries worldwide
"We demonstrate how capital account and trade account liberalizations help reduce inefficiencies associated with the fluctuations in the output gap, relative to the inefficiencies associated with the fluctuations in inflation. With capital account liberalization the representative household is able to smooth fluctuations in consumption, and thus becomes relatively insensitive to fluctuations in the output gap. With trade liberalization the economy tends to specialize in production but not in consumption. The correlation between fluctuations in the output gap and aggregate consumption is therefore weakened by trade openness; hence a smaller weight on the output gap in the utility-based loss function, compared to the closed economy situations. A key implication of the theory is that globalization forces could induce monetary authorities, to put a greater emphasis on reducing the inflation rate than on narrowing the output gaps. We provide a re- interpretation of the evidence on the effect of openness on the sacrifice ratio which supports the prediction of the theory"--National Bureau of Economic Research web site
The East Asian crisis : macroeconomic developments and policy lessons by Kalpana Kochhar( Book )
10 editions published in 1998 in English and held by 32 libraries worldwide
Most of East Asia has been in the grips of an unprecedented crisis of confidence and resultant financial turmoil since mid-1997. While much has already been written about the causes of the crisis, and policy lessons therefrom, a full post-mortem and a more fully informed assessment of the policy lessons can only be made after the dust settles. That said, there are, at least in a few of the countries most affected, encouraging signs of stability, and it appears that the stage is being set for recovery.2 Some preliminary conclusions and lessons can therefore be drawn on the basis of the experience to date in the affected Asian countries as well as that of similar crises in other emerging market economies
The effect of changes in reserve requirements on investments and GNP by Prakash Loungani( Book )
4 editions published between 1991 and 1994 in English and held by 30 libraries worldwide
How accurate are private sector forecasts? : cross-country evidence from consensus forecasts of output growth by Prakash Loungani( Book )
6 editions published in 2000 in English and held by 29 libraries worldwide
How well does the private sector forecast output growth? This paper provides evidence on this question using data from the publication Consensus Forecasts. The evidence is useful for a number of reasons. First, many industrialized countries are in the midst of long expansions, and the question of when these expansions will come to an end is being debated. Many private forecasters have issued rosy predictions for growth in the major industrialized countries and for several developing countries as well. Can these predictions be trusted? How good are forecasters at predicting recessions? Second, private sector capital flows have supplanted official funds as the dominant form of external financing for many countries. Hence, private sector assessments of the relative macroeconomic outlook for various countries play a role in guiding the allocation of capital across the globe
Sources of inflation in Developing countries by Prakash Loungani( Book )
6 editions published in 2001 in English and held by 26 libraries worldwide
This paper develops stylized facts about the inflation process in developing countries, focusing particularly on the relationship between the exchange rate regime and the sources of inflation. Using annual data from 1964 to 1998 for 53 developing countries, we find that money growth and exchange rate changes-factors typically related to fiscal influences-are far more important in countries with floating exchange rate regimes than in those with fixed exchange rates. Instead, inertial factors dominate the inflation process in developing countries with fixed exchange rate regimes
Capital flight from Russia by Prakash Loungani( Book )
8 editions published between 2000 and 2001 in English and held by 26 libraries worldwide
The open economy Phillips curve : "New Keynesian" theory and evidence by Prakash Loungani( Book )
7 editions published in 2002 in English and held by 23 libraries worldwide
Product market competition and the impact of price uncertainty on investment : some evidence from U.S. manufacturing industries by Vivek Ghosal( Book )
3 editions published in 1995 in English and held by 20 libraries worldwide
Was China the first domino? : assessing links between China and the rest of emerging Asia by John G Fernald( Book )
5 editions published in 1998 in English and held by 18 libraries worldwide
Structural unemployment and public policy in interwar Britain : a review essay by Prakash Loungani( Book )
1 edition published in 1991 in English and held by 18 libraries worldwide
Central bank independence, inflation and growth in transition economies by Prakash Loungani( Book )
3 editions published in 1995 in English and held by 18 libraries worldwide
Firm size and the impact of profit-margin uncertainty on investment : do financing constraints play a role? by Vivek Ghosal( Book )
3 editions published between 1996 and 1997 in English and held by 18 libraries worldwide
Globalization and disinflation : a note by Assaf Razin( Book )
6 editions published in 2005 in English and held by 17 libraries worldwide
"The note analyzes how globalization forces induce monetary authorities, guided in their policies by the welfare criterion of a representative household, to put greater emphasis on reducing the inflation rate than on narrowing the output gaps"--National Bureau of Economic Research web site
Regional labor fluctuations : oil shocks, military spending, and other driving forces by Steven J Davis( Book )
5 editions published in 1997 in English and held by 17 libraries worldwide
Measuring Energy Security Trends in the Diversification of Oil and Natural Gas Supplies by Gail Cohen( Computer File )
5 editions published in 2011 in English and held by 17 libraries worldwide
We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing countries as a whole, there has not been much change in diversification in oil supplies over the last decade, but diversification in sources of natural gas supplies has increased steadily. We document the cross-country heterogeneity in the extent of diversification. We also show how the extent of diversification changes if account is taken of the political risk attached to suppliers; the size of the importing country; and transportation risk
Supply-side sources of inflation : evidence from OECD countries by Prakash Loungani( Book )
3 editions published in 1995 in English and held by 17 libraries worldwide
Labor mobility, unemployment and sectoral shifts : evidence from micro data by Prakash Loungani( Book )
1 edition published in 1989 in English and held by 16 libraries worldwide
 
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Alternative Names
Loungani, Prakash N. 1959-
Languages
English (111)
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