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Regional Economic Outlook, November 2018, Middle East and Central Asia

The MCD region is exposed to tightening in global financing conditions and ongoing global trade tensions.

Regional Economic Outlook, October 2018, Western Hemisphere Department

An Uneven Recovery

Amid escalating trade tensions, tighter financial conditions, and volatile commodity markets, economic recovery in LAC has both moderated and become more uneven

Carbon Taxation for International Maritime Fuels: Assessing the Options

Carbon Taxation for International Maritime Fuels: Assessing the Options »

Volume/Issue: 2018/203

Series: IMF Working Papers

Author(s): Ian Parry , Dirk Heine , Kelley Kizzier , and Tristan Smith

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 September 2018

DOI: http://dx.doi.org/10.5089/9781484374559.001

ISBN: 9781484374559

Keywords: Maritime emissions, climate mitigation, carbon tax, revenue-neutral feebate, design issues, spreadsheet model, International Marime Organization, Environmental Economics: Government Policy

The International Maritime Organization (IMO) announced in April 2018 a target of cutting greenhouse gas (GHG) emissions from the sector by 50 percent below 2008 levels by 2050 and subsequent meetings of the IMO wi...

St. Lucia
			: Climate Change Policy Assessment

St. Lucia : Climate Change Policy Assessment »

Volume/Issue: 2018/181

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 June 2018

DOI: http://dx.doi.org/10.5089/9781484362747.002

ISBN: 9781484362747

Keywords: Asia and Pacific, Western Hemisphere, Saint Lucia

This paper takes stock of St. Lucia's plans to manage climate change, from the perspective of their macroeconomic implications, and suggests macro-relevant reforms that could strengthen the likelihood of success of...

A New Strategy for Korea's Fiscal Policy in a Low Growth Environment

A New Strategy for Korea's Fiscal Policy in a Low Growth Environment »

Volume/Issue: 2018/91

Series: IMF Working Papers

Author(s): Edda Zoli , Hou Wang , and Douglas Laxton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2018

DOI: http://dx.doi.org/10.5089/9781484352724.001

ISBN: 9781484352724

Keywords: Asia and Pacific, Korea, Republic of, aging; long-term fiscal sustainability; structural reforms; potential output, aging, long-term fiscal sustainability, structural reforms, potential output, Forecasting and Simulation

Adverse demographics and other structural weaknesses impinge on Korea's long-term fiscal outlook and potential growth. Moreover, inadequate social protection is creating poverty and dampening consumption. The paper...

Canada's Carbon Price Floor

Canada's Carbon Price Floor »

Volume/Issue: 2018/42

Series: IMF Working Papers

Author(s): Ian Parry , and Victor Mylonas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2018

DOI: http://dx.doi.org/10.5089/9781484345191.001

ISBN: 9781484345191

Keywords: Western Hemisphere, Canada, carbon price, price floor, welfare impacts, incidence, effective carbon price, competitiveness impacts, Environmental Economics: Government Policy

The pan-Canadian approach to carbon pricing, announced in October 2016, ensures that carbon pricing applies throughout Canada in 2018, with increasing stringency over time to reduce emissions. Canadian provinces an...

Seychelles
			: Climate Change Policy Assessment

Seychelles : Climate Change Policy Assessment »

Volume/Issue: 2017/162

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 June 2017

DOI: http://dx.doi.org/10.5089/9781484304808.002

ISBN: 9781484304808

Keywords: Sub-Saharan Africa, Seychelles

This paper takes stock of Seychelles' plans to manage climate change, from the perspective of its macroeconomic implications. It suggests macro-relevant reforms that could strengthen the plans' likelihood of succes...

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...

Breaking the Oil Spell
			: The Gulf Falcons' Path to Diversification

Breaking the Oil Spell : The Gulf Falcons' Path to Diversification »

Series: Books

Author(s): Reda Cherif , Fuad Hasanov , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

DOI: http://dx.doi.org/10.5089/9781513537863.071

ISBN: 9781513537863

Keywords: Export diversification, Nonoil sector, Oil exporting countries, Economic development, environment, development, oil, capital, industry, Gulf Falcons,

The 'Gulf Falcons'-the countries of the Gulf Cooperation Council-have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the ur...

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...