Oil Price Volatility and the Role of Speculation IMF (2014-12-15)
How much does speculation contribute to oil price volatility? We revisit this contentious question by estimating a sign-restricted structural vector autoregression (SVAR). First, using a simple storage model, we show that revision .. more |
Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality NBER (2014-12-16)
Since the early 2000s, research by Thomas Piketty, Emmanuel Saez, and their coathors has revolutionized our understanding of income and wealth inequality. In this paper, I highlight some of the key empirical facts from this resear .. more |
Islamic Banking Regulation and Supervision: Survey Results and Challenges IMF (2014-12-15)
The growing presence of Islamic banking needs to be accompanied by the development of effective regulation and supervision. This paper examines the results of the survey conducted by the International Monetary Fund to document int .. more | |