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Regional Economic Outlook, November 2017, Europe

Europe Hitting Its Stride

The European recovery is strengthening and broadening appreciably. Real GDP growth is projected at 2.4 percent in 2017, up from 1.7 percent in 2016, before easing to 2.1 percent in 2018.

IMF Financial Operations 2016

Describes the IMF's financial organization, policies and lending arrangements, and financial statements, reflecting all policy decisions through April 2016.

Gone with the Wind
			: Estimating Hurricane and Climate Change Costs in the Caribbean

Gone with the Wind : Estimating Hurricane and Climate Change Costs in the Caribbean »

Volume/Issue: 2016/199

Series: IMF Working Papers

Author(s): Sebastian Acevedo Mejia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2016

DOI: http://dx.doi.org/10.5089/9781475544763.001

ISBN: 9781475544763

Keywords: Hurricane, tropical cyclone, climate change, climate impact, Caribbean.

This paper studies the economic costs of hurricanes in the Caribbean by constructing a novel dataset that combines a detailed record of tropical cyclones' characteristics with reported damages. I estimate the relat...

Investing to Mitigate and Adapt to Climate Change
			: A Framework Model

Investing to Mitigate and Adapt to Climate Change : A Framework Model »

Volume/Issue: 2016/164

Series: IMF Working Papers

Author(s): Anthony Bonen , Prakash Loungani , Willi Semmler , and Sebastian Koch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2016

DOI: http://dx.doi.org/10.5089/9781475523690.001

ISBN: 9781475523690

Keywords: Climate Change, Fiscal Policy, Public Capital, Nonlinear Model Predictive Control

We propose a macroeconomic model to assess optimal public policy decisions in the the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How to prop...

Climate Mitigation in China
			: Which Policies Are Most Effective?

Climate Mitigation in China : Which Policies Are Most Effective? »

Volume/Issue: 2016/148

Series: IMF Working Papers

Author(s): Ian Parry , Baoping Shang , Philippe Wingender , Nate Vernon , and Tarun Narasimhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2016

DOI: http://dx.doi.org/10.5089/9781475574524.001

ISBN: 9781475574524

Keywords: Paris Agreement, carbon tax, China, air pollution, coal tax, emissions trading, incidence, welfare effects

For the 2015 Paris Agreement on climate change, China pledged to reduce the carbon dioxide (CO2) intensity of GDP by 60-65 percent below 2005 levels by 2030. This paper develops a practical spreadsheet tool for eva...

Solomon Islands
			: Economic Development Documents- Medium-Term Development Plan, 2016-20

Solomon Islands : Economic Development Documents- Medium-Term Development Plan, 2016-20 »

Volume/Issue: 2016/91

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2016

DOI: http://dx.doi.org/10.5089/9781484304303.002

ISBN: 9781484304303

Keywords: environment, land, economic growth, resources, fisheries

This report describes Solomon Islands' macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major source of financing. Solomo...

Avoiding the New Mediocre
			: Raising Long-Term Growth in the Middle East and Central Asia

Avoiding the New Mediocre : Raising Long-Term Growth in the Middle East and Central Asia »

Series: Departmental Papers / Policy Papers

Author(s): Pritha Mitra , Amr Hosny , Gohar Minasyan , Mark Fischer , and Gohar Abajyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2016

DOI: http://dx.doi.org/10.5089/9781513572710.087

ISBN: 9781513572710

Keywords: Middle East and Central Asia, Fiscal policy, environment, oil, productivity, growth, employment, long-term growth, capital, labor

Raising the Middle East and Central Asia's long-term growth prospects is critical for meeting the region's pressing need for jobs and higher living standards....

Gabon
			: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Gabon

Gabon : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Gabon »

Volume/Issue: 2016/86

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 2016

DOI: http://dx.doi.org/10.5089/9781484300848.002

ISBN: 9781484300848

Keywords: oil price, debt, oil prices, monetary fund, deposits

This paper discusses challenges, outlook, and risks of Gabon's economy. Gabon's economy is facing mounting headwinds. Economic activity benefited from a one-off boost in oil production in 2015, due to the introduct...

Winning the Oil Lottery
			: The Impact of Natural Resource Extraction on Growth

Winning the Oil Lottery : The Impact of Natural Resource Extraction on Growth »

Volume/Issue: 2016/61

Series: IMF Working Papers

Author(s): Tiago Cavalcanti , Daniel Da Mata , and Frederik Toscani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 March 2016

DOI: http://dx.doi.org/10.5089/9781513587752.001

ISBN: 9781513587752

Keywords: Oil and Gas, Urbanization, oil, drilling, oil discoveries, oil production, gas, General, All Countries,

This paper provides evidence of the causal impact of oil discoveries on development. Novel data on the drilling of 20,000 oil wells in Brazil allows us to exploit a quasi-experiment: Municipalities where oil was di...

Africa on the Move
			: Unlocking the Potential of Small Middle-Income States

Africa on the Move : Unlocking the Potential of Small Middle-Income States »

Series: Books

Author(s): Lamin Leigh , and Ali Mansoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

DOI: http://dx.doi.org/10.5089/9781513588605.071

ISBN: 9781513588605

Keywords: environment, employment, bank, unemployment, labor

This book describes the reforms needed to move small middle-income countries in sub-Saharan Africa to advanced-economy status. The result of intense discussions with public officials in the countries covered, the b...

Republic of Mozambique
			: Selected Issues

Republic of Mozambique : Selected Issues »

Volume/Issue: 2016/10

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2016

DOI: http://dx.doi.org/10.5089/9781513539065.002

ISBN: 9781513539065

Keywords: gas, lng, gas projects, gas prices, gas production

This Selected Issues paper examines the macroeconomic and fiscal implications of natural gas project for Mozambique. Results, which are based on the IMF Fiscal Analysis of Resource Industries model, suggest that, b...

The U.S. Oil Supply Revolution and the Global Economy

The U.S. Oil Supply Revolution and the Global Economy »

Volume/Issue: 2015/259

Series: IMF Working Papers

Author(s): Kamiar Mohaddes , and Mehdi Raissi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2015

DOI: http://dx.doi.org/10.5089/9781513509846.001

ISBN: 9781513509846

Keywords: Tight oil, shale oil, fracking revolution, oil price decline, oil supply, global macroeconometric modeling, international business cycle, oil, prices, oil prices

This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2...