Details about Prakash Loungani

E-mail:
Phone:	202-623-7043
Postal address:	International Monetary Fund 700 19th Street, NW Washington, DC 20431 USA
Workplace:	International Monetary Fund (IMF), (more information at EDIRC)

Access statistics for papers by Prakash Loungani.

Last updated 2023-06-07. Update your information in the RePEc Author Service.

Short-id: plo21

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Working Papers

2021

Inequality and Locational Determinants of the Distribution of Living Standards in India
IMF Working Papers, International Monetary Fund
Also in SocArXiv, Center for Open Science (2020)
The Rise in Inequality after Pandemics: Can Fiscal Support Play a Mitigating Role?
IMF Working Papers, International Monetary Fund View citations (5)
Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics
CEPR Discussion Papers, C.E.P.R. Discussion Papers
Also in IMF Working Papers, International Monetary Fund (2021) View citations (4)
Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics
IMF Working Papers, International Monetary Fund View citations (1)

2020

Inflation Anchoring and Growth: The Role of Credit Constraints
GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit

2012

Global Housing Cycles
IMF Working Papers, International Monetary Fund View citations (53)

2011

Asian Financial Integration: Trends and Interruptions
IMF Working Papers, International Monetary Fund View citations (17)
Information Rigidity in Growth Forecasts: Some Cross-Country Evidence
IMF Working Papers, International Monetary Fund View citations (5)
See also Journal Article Information rigidity in growth forecasts: Some cross-country evidence, International Journal of Forecasting, Elsevier (2013) View citations (46) (2013)
Measuring Energy Security: Trends in the Diversification of Oil and Natural Gas Supplies
IMF Working Papers, International Monetary Fund View citations (111)
See also Journal Article Measuring energy security: Trends in the diversification of oil and natural gas supplies, Energy Policy, Elsevier (2011) View citations (109) (2011)
New Evidenceon Cyclical and Structural Sources of Unemployment
IMF Working Papers, International Monetary Fund View citations (19)
Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (21)
See also Journal Article New evidence on cyclical and structural sources of unemployment, Proceedings, Federal Reserve Bank of San Francisco (2012) View citations (4) (2012)

2010

The Human Cost of Recessions: Assessing It, Reducing It
IMF Staff Position Notes, International Monetary Fund View citations (21)

2006

Flying geese or sitting ducks: China’s impact on the trading fortunes of other Asian economies
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (16)
How quickly do forecasters incorporate news? Evidence from cross-country surveys
MPRA Paper, University Library of Munich, Germany View citations (66)
See also Journal Article How quickly do forecasters incorporate news? Evidence from cross-country surveys, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2006) View citations (73) (2006)

2005

Globalization and Disinflation: The Efficiency Channel
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
Globalization and Inflation-Output Tradeoffs
NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
US Monetary Policy Announcements and the Term Structure of Interest Rate Differentials: Evidence from Hong Kong and Singapore
Working Papers, Hong Kong Institute for Monetary Research

2003

China and emerging Asia: comrades or competitors?
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (46)
Also in Working Paper Series, Federal Reserve Bank of Chicago (2003) View citations (39)

2002

The Open Economy Phillips Curve: 'New Keynesian' Theory and Evidence
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)

2001

Sources of Inflation in Developing Countries
IMF Working Papers, International Monetary Fund View citations (54)

2000

Capital Flight from Russia
IMF Policy Discussion Papers, International Monetary Fund View citations (29)
See also Journal Article Capital Flight from Russia, The World Economy, Wiley Blackwell (2001) View citations (14) (2001)
Capital Mobility and the Output-Inflation Tradeoff
IMF Working Papers, International Monetary Fund
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1997)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (11)
Working Papers, Tel Aviv (1996)
See also Journal Article Capital mobility and the output-inflation tradeoff, Journal of Development Economics, Elsevier (2001) View citations (41) (2001)
How Accurate Are Private Sector Forecasts: Cross-Country Evidence From Consensus Forecasts of Output Growth
IMF Working Papers, International Monetary Fund View citations (18)
See also Journal Article How accurate are private sector forecasts? Cross-country evidence from consensus forecasts of output growth, International Journal of Forecasting, Elsevier (2001) View citations (131) (2001)

1998

The East Asian Crisis: Macroeconomic Developments and Policy Lessons
IMF Working Papers, International Monetary Fund View citations (20)
Was China the first domino? assessing links between China and the rest of emerging Asia
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (31)

1997

Regional Labor Fluctuations: Oil Shocks, Military Spending, and Other Driving Forces
JCPR Working Papers, Northwestern University/University of Chicago Joint Center for Poverty Research View citations (29)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1997) View citations (31)

1996

Firm size and the impact of profit-margin uncertainty on investment: do financing constraints play a role?
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)

1995

Central bank independence, inflation and growth in transition economies
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
See also Journal Article Central Bank Independence, Inflation, and Growth in Transition Economies, Journal of Money, Credit and Banking, Blackwell Publishing (1997) View citations (96) (1997)
Evidence on nominal wage rigidity from a panel of U.S. manufacturing industries
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
See also Journal Article Evidence on Nominal Wage Rigidity from a Panel of U.S. Manufacturing Industries, Journal of Money, Credit and Banking, Blackwell Publishing (1996) View citations (9) (1996)
Product market competition and the impact of price uncertainty on investment: some evidence from U.S. manufacturing industries
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
See also Journal Article Product Market Competition and the Impact of Price Uncertainty on Investment: Some Evidence from US Manufacturing Industries, Journal of Industrial Economics, Wiley Blackwell (1996) View citations (94) (1996)
Supply-side sources of inflation: evidence from OECD countries
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (10)

1994

The effect of changes in reserve requirements on investment and GNP
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1991) View citations (2)
See also Journal Article The Effect of Changes in Reserve Requirements on Investment and GNP, Journal of Money, Credit and Banking, Blackwell Publishing (1995) View citations (26) (1995)

1991

Structural unemployment and public policy in interwar Britain: a review essay
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (5)
See also Journal Article Structural unemployment and public policy in interwar Britain: A review essay, Journal of Monetary Economics, Elsevier (1991) View citations (6) (1991)
The role of energy in real business cycle models
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (8)
See also Journal Article The role of energy in real business cycle models, Journal of Monetary Economics, Elsevier (1992) View citations (292) (1992)

1990

Sectoral shifts in interwar Britain
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (2)
Stock market dispersion and real economic activity: evidence from quarterly data
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (4)

1989

Labor mobility, unemployment and sectoral shifts: evidence from micro data
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago
STOCK MARKET DISPERSION, UNEMPLOYMENT AND GNP
Working Papers, Florida - College of Business Administration View citations (4)
UNEMPLOYMENT AND SECTORAL SHIFTS: EVIDENCE FROM THE PSID
Working Papers, Florida - College of Business Administration View citations (3)

Journal Articles

2021

Comparing cities in developed and developing countries: Population, land area, building height and crowding
Regional Science and Urban Economics, 2021, 86, (C) View citations (8)
Designing Labor Market Institutions in Emerging Market and Developing Economies: A Review of Evidence and IMF Policy Advice
Comparative Economic Studies, 2021, 63, (1), 31-83 View citations (4)

2020

Financial Globalization, Fiscal Policies and the Distribution of Income
Comparative Economic Studies, 2020, 62, (2), 185-199 View citations (6)
On the Determinants of the Okun’s Law: New Evidence from Time-Varying Estimates
Comparative Economic Studies, 2020, 62, (4), 661-700 View citations (4)
Rethinking development policy: What remains of structural transformation?
World Development, 2020, 128, (C) View citations (7)
Unconventional monetary policy in a nonlinear quadratic model
Studies in Nonlinear Dynamics & Econometrics, 2020, 24, (5), 19 View citations (3)

2019

An Assessment of the IMF’s Unemployment Forecasts
Manchester School, 2019, 87, (4), 489-509 View citations (2)
Decoupling of emissions and GDP: Evidence from aggregate and provincial Chinese data
Energy Economics, 2019, 77, (C), 105-118 View citations (22)
See also Working Paper Decoupling of Emissions and GDP: Evidence from Aggregate and Provincial Chinese Data, IMF Working Papers (2018) View citations (9) (2018)
Do IMF forecasts respect Okun’s law? Evidence for advanced and developing economies
International Journal of Forecasting, 2019, 35, (3), 1131-1142 View citations (9)
Does One Law Fit All? Cross-Country Evidence on Okun’s Law
Open Economies Review, 2019, 30, (5), 841-874 View citations (28)
Making Globalization Inclusive: Job Creation and Wage Inequality in Developing Economies
Open Economies Review, 2019, 30, (5), 837-840 View citations (1)
The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data
Journal of Money, Credit and Banking, 2019, 51, (S1), 163-198 View citations (41)
See also Working Paper The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data, CEPR Discussion Papers (2019) View citations (45) (2019)

2018

Aggregate uncertainty and sectoral productivity growth: The role of credit constraints
Journal of International Money and Finance, 2018, 88, (C), 314-330 View citations (37)
See also Working Paper Aggregate Uncertainty and Sectoral Productivity Growth: The Role of Credit Constraints, IHEID Working Papers (2017) View citations (14) (2017)
Can Reform Waves Turn the Tide? Some Case Studies using the Synthetic Control Method
Open Economies Review, 2018, 29, (4), 879-910 View citations (16)
See also Working Paper Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method, IMF Working Papers (2016) View citations (14) (2016)
Do IMF fiscal forecasts add value?
Journal of Forecasting, 2018, 37, (6), 650-665 View citations (12)
How well do economists forecast recessions?
International Finance, 2018, 21, (2), 100-121 View citations (29)
See also Working Paper How Well Do Economists Forecast Recessions?, IMF Working Papers (2018) View citations (28) (2018)
Oil prices and inflation dynamics: Evidence from advanced and developing economies
Journal of International Money and Finance, 2018, 82, (C), 71-96 View citations (136)
See also Working Paper Oil Prices and Inflation Dynamics: Evidence from Advanced and Developing Economies, Working papers (2017) View citations (14) (2017)
Slow Recovery to Nowhere? Labor Market Issues in Advanced Economies: Introduction
Open Economies Review, 2018, 29, (4), 695-701
The distributional effects of capital account liberalization
Journal of Development Economics, 2018, 130, (C), 127-144 View citations (67)
The effects of monetary policy shocks on inequality
Journal of International Money and Finance, 2018, 85, (C), 168-186 View citations (91)
See also Working Paper The Effects of Monetary Policy Shocks on Inequality, IMF Working Papers (2016) View citations (28) (2016)
The long-run decoupling of emissions and output: Evidence from the largest emitters
Energy Policy, 2018, 118, (C), 58-68 View citations (43)
See also Working Paper The Long-Run Decoupling of Emissions and Output: Evidence from the Largest Emitters, IMF Working Papers (2018) View citations (41) (2018)
What Lies beneath? A Sub-National Look at Okun’s Law in the United States
Open Economies Review, 2018, 29, (4), 835-852

2017

Okun's Law: Fit at 50?
Journal of Money, Credit and Banking, 2017, 49, (7), 1413-1441 View citations (36)
See also Working Paper Okun's Law: Fit at 50?, IMF Working Papers (2013) View citations (23) (2013)
Regional Labor Market Adjustment in the United States: Trend and Cycle
The Review of Economics and Statistics, 2017, 99, (2), 243-257 View citations (66)
The Power of Two: Inclusive Growth and the IMF
Intereconomics: Review of European Economic Policy, 2017, 52, (2), 92-99 View citations (2)

2016

Global food prices and domestic inflation: some cross-country evidence
Oxford Economic Papers, 2016, 68, (3), 665-687 View citations (24)
See also Working Paper Global Food Prices and Domestic Inflation: Some Cross-Country Evidence, IMF Working Papers (2015) View citations (10) (2015)

2015

Conference on Housing, Stability, and the Macroeconomy: International Perspectives
Journal of Money, Credit and Banking, 2015, 47, (S1), 1-11 View citations (1)
Cross-country evidence on the quality of private sector fiscal forecasts
Journal of Macroeconomics, 2015, 45, (C), 186-201 View citations (12)
Do forecasters believe in Okun’s Law? An assessment of unemployment and output forecasts
International Journal of Forecasting, 2015, 31, (1), 176-184 View citations (32)
See also Working Paper Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts, IMF Working Papers (2014) View citations (10) (2014)
Information rigidities: Comparing average and individual forecasts for a large international panel
International Journal of Forecasting, 2015, 31, (1), 144-154 View citations (59)
See also Working Paper INFORMATION RIGIDITIES: COMPARING AVERAGE AND INDIVIDUAL FORECASTS FOR A LARGE INTERNATIONAL PANEL, Working Papers (2014) View citations (10) (2014)
Uncertainty and unemployment: The effects of aggregate and sectoral channels
Journal of Macroeconomics, 2015, 46, (C), 344-358 View citations (24)
See also Working Paper Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels, IMF Working Papers (2015) View citations (24) (2015)

2014

Labor market policies and IMF advice in advanced economies during the Great Recession
IZA Journal of Labor Policy, 2014, 3, (1), 1-23 View citations (70)
See also Working Paper Labor Market Policies and IMF Advice in Advanced Economies during the Great Recession, IMF Staff Discussion Notes (2013) View citations (41) (2013)
Testing the Prebisch–Singer hypothesis since 1650: Evidence from panel techniques that allow for multiple breaks
Journal of International Money and Finance, 2014, 42, (C), 208-223 View citations (43)
See also Working Paper Testing the Prebisch-Singer Hypothesis Since 1650: Evidence from panel techniques that allow for multiple breaks, OxCarre Working Papers (2013) View citations (39) (2013)

2013

From the Global to the National Cycle: An Intricate Liaison
Pacific Economic Review, 2013, 18, (3), 370-402 View citations (13)
Information rigidity in growth forecasts: Some cross-country evidence
International Journal of Forecasting, 2013, 29, (4), 605-621 View citations (46)
See also Working Paper Information Rigidity in Growth Forecasts: Some Cross-Country Evidence, IMF Working Papers (2011) View citations (5) (2011)

2012

New evidence on cyclical and structural sources of unemployment
Proceedings, 2012, (March), 1-23 View citations (4)
See also Working Paper New Evidenceon Cyclical and Structural Sources of Unemployment, IMF Working Papers (2011) View citations (19) (2011)

2011

Measuring energy security: Trends in the diversification of oil and natural gas supplies
Energy Policy, 2011, 39, (9), 4860-4869 View citations (109)
See also Working Paper Measuring Energy Security: Trends in the Diversification of Oil and Natural Gas Supplies, IMF Working Papers (2011) View citations (111) (2011)

2010

Stock-market-based measures of sectoral shocks and the unemployment rate
FRBSF Economic Letter, 2010, (aug2) View citations (1)

2009

The Elusive Quest for Energy Independence
International Finance, 2009, 12, (2), 291-299 View citations (5)

2008

Economic Forecasts
World Economics, 2008, 9, (2), 1-12 View citations (1)

2006

Book Review: The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good
Cato Journal, 2006, 26, (2), 382-384
How quickly do forecasters incorporate news? Evidence from cross-country surveys
Journal of Applied Econometrics, 2006, 21, (6), 703-725 View citations (73)
Also in Journal of Applied Econometrics, 2006, 21, (6), 703-725 (2006) View citations (7)
See also Working Paper How quickly do forecasters incorporate news? Evidence from cross-country surveys, MPRA Paper (2006) View citations (66) (2006)

2005

Globalization and Equilibrium Inflation-Output Tradeoffs [with Comments]
NBER International Seminar on Macroeconomics, 2005, 2005, (1), 171 - 203 View citations (3)
In defense of globalization
Journal of International Economics, 2005, 66, (2), 544-548 View citations (3)

2004

Comrades or competitors? on trade relationships between China and emerging Asia
Chicago Fed Letter, 2004, (Mar) View citations (9)

2002

Further Cross-Country Evidence on the Accuracy of the Private Sector's Output Forecasts
IMF Staff Papers, 2002, 49, (1), 4 View citations (14)
Predicting when the economy will turn
FRBSF Economic Letter, 2002, (mar15) View citations (4)
The Global Disconnect: The Role of Transactional Distance and Scale Economies in Gravity Equations
Scottish Journal of Political Economy, 2002, 49, (5), 526-543 View citations (85)
There Will Be Growth in the Spring
World Economics, 2002, 3, (1), 1-6 View citations (3)

2001

Capital Flight from Russia
The World Economy, 2001, 24, (5), 689-706 View citations (14)
See also Working Paper Capital Flight from Russia, IMF Policy Discussion Papers (2000) View citations (29) (2000)
Capital mobility and the output-inflation tradeoff
Journal of Development Economics, 2001, 64, (1), 255-274 View citations (41)
See also Working Paper Capital Mobility and the Output-Inflation Tradeoff, IMF Working Papers (2000) (2000)
Countering contagion: Does China's experience offer a blueprint?
Economic Perspectives, 2001, 25, (Q IV), 38-52 View citations (5)
How Clear is the Crystal Ball?
World Economics, 2001, 2, (1), 1-8 View citations (2)
How accurate are private sector forecasts? Cross-country evidence from consensus forecasts of output growth
International Journal of Forecasting, 2001, 17, (3), 419-432 View citations (131)
See also Working Paper How Accurate Are Private Sector Forecasts: Cross-Country Evidence From Consensus Forecasts of Output Growth, IMF Working Papers (2000) View citations (18) (2000)

2000

Business Cycles in Emerging Market Economies
Money Affairs, 2000, XIII, (1), 87-111 View citations (6)
The Differential Impact of Uncertainty on Investment in Small and Large Businesses
The Review of Economics and Statistics, 2000, 82, (2), 338-343 View citations (198)

1999

Multinationals and East Asian Integration: Wendy Dobson and Chia Siow Yue (Eds.); International Development Research Centre, Ottawa, 1997
Journal of Asian Economics, 1999, 10, (3), 497-499
Was China the first domino? Assessing links between China and other Asian economies
Journal of International Money and Finance, 1999, 18, (4), 515-535 View citations (62)

1997

Central Bank Independence, Inflation, and Growth in Transition Economies
Journal of Money, Credit and Banking, 1997, 29, (3), 381-99 View citations (96)
See also Working Paper Central bank independence, inflation and growth in transition economies, International Finance Discussion Papers (1995) View citations (2) (1995)
Explaining unemployment: sectoral vs aggregate shocks
Economic Review, 1997, 3-15 View citations (15)
Job creation and destruction
FRBSF Economic Letter, 1997, (may2) View citations (7)
Labor market fluctuations in Japan and the U.S.--how similar are they?
Economic Perspectives, 1997, 21, (May), 15-28 View citations (2)

1996

Evidence on Nominal Wage Rigidity from a Panel of U.S. Manufacturing Industries
Journal of Money, Credit and Banking, 1996, 28, (4), 650-68 View citations (9)
See also Working Paper Evidence on nominal wage rigidity from a panel of U.S. manufacturing industries, International Finance Discussion Papers (1995) View citations (2) (1995)
Macroeconomic effects of labor reallocation A comment
Carnegie-Rochester Conference Series on Public Policy, 1996, 44, (1), 117-124 View citations (3)
Product Market Competition and the Impact of Price Uncertainty on Investment: Some Evidence from US Manufacturing Industries
Journal of Industrial Economics, 1996, 44, (2), 217-28 View citations (94)
See also Working Paper Product market competition and the impact of price uncertainty on investment: some evidence from U.S. manufacturing industries, International Finance Discussion Papers (1995) View citations (3) (1995)

1995

The Effect of Changes in Reserve Requirements on Investment and GNP
Journal of Money, Credit and Banking, 1995, 27, (2), 511-26 View citations (26)
See also Working Paper The effect of changes in reserve requirements on investment and GNP, International Finance Discussion Papers (1994) View citations (1) (1994)

1992

The role of energy in real business cycle models
Journal of Monetary Economics, 1992, 29, (2), 173-189 View citations (292)
See also Working Paper The role of energy in real business cycle models, Working Paper Series, Macroeconomic Issues (1991) View citations (8) (1991)

1991

Stock market dispersion and business cycles
Economic Perspectives, 1991, 15, (Jan), 2-8 View citations (7)
Structural unemployment and public policy in interwar Britain: A review essay
Journal of Monetary Economics, 1991, 28, (1), 149-159 View citations (6)
See also Working Paper Structural unemployment and public policy in interwar Britain: a review essay, Working Paper Series, Macroeconomic Issues (1991) View citations (5) (1991)

1990

Applied time series analysis for business and economic forecasting: Sufi M. Nazem, (Marcel Dekker, Inc., New York and Basel, 1988), pp. 431, $89.75
International Journal of Forecasting, 1990, 6, (4), 565-566
Modelling state energy consumption: Forecasts for Florida, 1987-2006
Energy Economics, 1990, 12, (3), 216-226 View citations (1)
Stock market dispersion and unemployment
Journal of Monetary Economics, 1990, 25, (3), 367-388 View citations (84)

1989

Cyclical fluctuations and sectoral reallocation: Evidence from the PSID
Journal of Monetary Economics, 1989, 23, (2), 259-273 View citations (51)

1986

Oil Price Shocks and the Dispersion Hypothesis
The Review of Economics and Statistics, 1986, 68, (3), 536-39 View citations (172)

Chapters

2020

Pandemics and inequality: Assessing the impact of COVIDâ€ 19
Chapter 1 in COVID-19 in Developing Economies, 2020, vol. 1, pp 200-213

2017

Financial Liberalization, Inequality and Inclusion in Low-Income Countries
Springer View citations (2)

2005

Globalization and Equilibrium Inflation-Output Tradeoffs
A chapter in NBER International Seminar on Macroeconomics 2005, 2005, pp 171-192 View citations (32)