There has been a growing awareness of the income distribution dimension of macroeconomic policies. This paper presents a framework for studying this issue empirically, and considers the case of the Philippines using data available from integrated surveys of households. After developing and...

U.S. insurance supervision has been significantly strengthened in recent years. Lessons have been learned from the financial crisis and many of the recommendations of the 2010 FSAP are being addressed. Insurance has been brought within the scope of system-wide oversight of the financial sector....

This Selected Issues paper on United States 2012 Article IV Consultation discusses rebound of manufacturing production. The U.S. share in global manufacturing production declined through most of the past three decades, but it has stabilized since the Great Recession. It currently represents...

This paper discusses the estimation of models of the term structure of interest rates. After reviewing the term structure models, specifically the Nelson-Siegel Model and Affine Term- Structure Model, this paper estimates the terms structure of Treasury bond yields for the United States with...