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World Economic Outlook, April 2019
Growth Slowdown, Precarious Recovery
The global economic expansion decelerated in the second half of 2018 with global growth projected to slow to 3.3 percent in 2019, with risks to future growth on the downside.
World Economic Outlook, April 2019
Growth Slowdown, Precarious Recovery
The global economic expansion decelerated in the second half of 2018 with global growth projected to slow to 3.3 percent in 2019, with risks to future growth on the downside.
Financial markets recover: IMF adapts to changing global environment to meet member countries’ needs »
Source: IMF Survey Supplement 1999
Volume/Issue: 28/0
Series: IMF Survey
Author(s): International Monetary Fund. External Relations Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1999
ISBN: 9781451951059
Keywords: financial system, member countries, financial markets, world economy, macroeconomic policies
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen...
Inflation Responses to Commodity Price Shocks »
Source: Inflation Responses to Commodity Price Shocks : How and Why Do Countries Differ?
Volume/Issue: 2012/225
Series: IMF Working Papers
Author(s): R. Gelos , and Yulia Ustyugova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2012
ISBN: 9781475510249
Keywords: pass-through, Phillips curve, central bank, inflationary impact, Open Economy Macroeconomics, Monetary Policy, Central Banking, and the Supply of Money and Credit: General, Macroeconomic Policy, Macroeconomic Aspects of Public Finance
This paper relates the inflationary impact of commodity price shocks across countries to a broad range of structural characteristics and policy frameworks over the period 2001-2010, using several approaches. The an...
Do Fiscal Spillovers Matter? »
Source: Do Fiscal Spillovers Matter?
Volume/Issue: 2011/211
Series: IMF Working Papers
Author(s): Sebastian Weber , and Anna Ivanova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2011
ISBN: 9781463902315
Keywords: coordinated fiscal exit, fiscal changes, fiscal consolidation, fiscal measure, Macroeconomic Aspects Of International Trade And Finance, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy, And General Outlook, general Aggregative Models,
The paper assesses the impact of fiscal spillovers on growth in the context of a coordinated exit from crisis management policies. We find that despite potentially sizeable domestic effects from consolidation, aggr...
Trinidad and tobago »
Source: Trinidad and tobago : The Energy Boom and Proposals for a Sustainable Fiscal Policy
Volume/Issue: 2005/197
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2005
ISBN: 9781451862164
Keywords: oil boom, permanent income hypothesis, oil and gas, natural gas, gas production, oil prices, Macroeconomic - Aspects of Public Finance, Macroeconomic Policy, and General Outlook, National Government Expenditures and Related Policies
Trinidad and Tobago is experiencing an energy boom stronger than the ones in 1970s and 1980s. The main fiscal policy challenge is to ensure that the increased revenues from the ultimately exhaustible resources are...
The Effectiveness of Macroeconomic Commitment in Weak(er) Institutional Environments »
Source: The Effectiveness of Macroeconomic Commitment in Weak(er) Institutional Environments
Volume/Issue: 2010/193
Series: IMF Working Papers
Author(s): Marc Quintyn , and Sophia Gollwitzer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2010
ISBN: 9781455205233
Keywords: Macroeconomic Commitment Institutions, Political-Economic Institutions, inflation, central bank, monetary fund, monetary union, The Effectiveness of Macroeconomic Commitment, Fiscal and Monetary Policy in Development, Capitalist Systems: Political Economy, Other Economic Systems: Other
This paper analyzes the institutional conditions affecting the establishment and effectiveness of independent central banks and of budgetary institutions. It draws on the recent theory developed by North, Wallis an...
Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions1 »
Source: Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions
Volume/Issue: 2007/55
Series: IMF Working Papers
Author(s): Rabah Arezki , and Frederik van der Ploeg
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2007
ISBN: 9781451866193
Keywords: Resource curse, institutions, trade policies, growth performance, income per capita, natural resource, natural resource curse, natural resource revenues, natural resources, natural resource abundance
We criticize existing empirical results on the detrimental effects of natural resource dependence on the rate of economic growth after controlling for institutional quality, openness, and initial income. These resu...
Macroeconomic Model Spillovers and Their Discontents1 »
Source: Macroeconomic Model Spillovers and Their Discontents
Volume/Issue: 2013/4
Series: IMF Working Papers
Author(s): Tamim Bayoumi , and Francis Vitek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 January 2013
ISBN: 9781475519860
Keywords: Growth spillovers, macroeconomic models, international financial links, bond, bond yields, financial market, financial markets, Financial Markets and the Macroeconomy, International Policy Coordination and Transmission, Forecasting and Simulation,
The Great Recession underlined that policies in some countries can have profound spillovers elsewhere. Sadly, the solution of simulating large macroeconomic models to measure these spillovers has been found wanting...
How Much Is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria »
Source: How Much Is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria
Volume/Issue: 2006/142
Series: IMF Working Papers
Author(s): Ulrich Bartsch
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2006
ISBN: 9781451864021
Keywords: Oil stabilization fund, Monte Carlo simulation, fiscal policy, fiscal spending, government spending, government revenue, Macroeconomics: Consumption, Saving, Production, Employment
In oil-dependent countries, a major issue is how to stabilize fiscal spending when government revenue fluctuates along with the international price of oil. A stabilization fund would allow the government to pull th...
Strengthening Transparency in the Oil Sector in Cameroon »
Source: Strengthening Transparency in the Oil Sector in Cameroon : Why Does it Matter?
Volume/Issue: 2006/2
Series: IMF Policy Discussion Papers
Author(s): Stéphane Cossé
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2006
ISBN: 9781451946123
Keywords: Cameroon, Fiscal transparency, Governance, Oil producing countries, Oil sector, Transparency, African economies, EITI, oil revenue, public expenditure
There has been a growing recognition of the importance of transparency for economic growth and social development in oil producing countries. This paper analyzes transparency issues in Cameroon's oil sector. It sho...
Inter-sectoral Linkages and Local Content in Extractive Industries and Beyond - The Case of S�o Tom� and Pr�ncipe »
Source: Inter-sectoral Linkages and Local Content in Extractive Industries and Beyond - The Case of São Tomé and Príncipe
Volume/Issue: 2007/213
Series: IMF Working Papers
Author(s): Alonso Segura Vasi , Walter Zarate , Gonzalo Pastor , and Ulrich Klueh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2007
ISBN: 9781451867770
Keywords: Local content, Industrial policies, Input-Output tables, oil and gas, oil industry, oil companies, Input-Output Models, General Aggregative Models: Forecasting and Simulation, Macroeconomics: Consumption, Saving
This paper attempts to offer specific inputs to the debate on local content promotion in the oil industry, using the specific case of São Tomé and Príncipe as point of reference. Our approach emphasizes inter-secto...