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Now or Later? The Political Economy of Public Investment in Democracies*

Now or Later? The Political Economy of Public Investment in Democracies* »

Source: Now or Later? The Political Economy of Public Investment in Democracies

Volume/Issue: 2015/175

Series: IMF Working Papers

Author(s): Sanjeev Gupta , Estelle Liu , and Carlos Mulas-Granados

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2015

ISBN: 9781513583853

Keywords: Political economy, Public Investment, Elections, Fragmentation, Ideology

This paper explores the impact of political and institutional variables on public investment. Working with a sample of 80 presidential and parliamentary democracies between 1975 and 2012, we find that the rate of g...

Poverty, Inequality, and Unethical Behavior of the Strong

Poverty, Inequality, and Unethical Behavior of the Strong »

Source: Poverty, Inequality, and Unethical Behavior of the Strong

Volume/Issue: 2000/187

Series: IMF Working Papers

Author(s): Arye Hillman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2000

ISBN: 9781451859508

Keywords: government, ethics, Nietzsche, political economy, political culture, income distribution, political authority, forced labor

This paper is concerned with economic consequences of unethical governance. A framework is set out, based on principles of Friedrich Nietzsche, that ties poverty and inequality to unethical behavior of the strong t...

Should the IMF Become More Adaptive?

Should the IMF Become More Adaptive? »

Source: Should the IMF Become More Adaptive?

Volume/Issue: 1996/17

Series: IMF Working Papers

Author(s): Ian Clark

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1996

ISBN: 9781451843491

Keywords: monetary fund, world economy, inflation, multilateral institutions, political economy

This paper addresses the question: Should the International Monetary Fund be making an even greater effort to adapt its objectives, priorities, rules, instruments, procedures, and resources to take account of chang...

Institutional Transformations, Polity and Economic Outcomes

Institutional Transformations, Polity and Economic Outcomes »

Source: Institutional Transformations, Polity and Economic Outcomes : Testing the North-Wallis-Weingast Doorsteps Framework

Volume/Issue: 2012/87

Series: IMF Working Papers

Author(s): Marc Quintyn , and Sophia Gollwitzer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781475502510

Keywords: institutions, economic performance, political performance, transition, income inequality, political system, political control, political variables, political institutions, General Aggregative Models: Other

This paper tests the theoretical framework developed by North, Wallis and Weingast (2009) on the transition from closed to open access societies. They posit that societies need to go through three doorsteps: (i) th...

The Distributional Consequences of Real Exchange Rate Adjustment

The Distributional Consequences of Real Exchange Rate Adjustment »

Source: The Distributional Consequences of Real Exchange Rate Adjustment

Volume/Issue: 2003/133

Series: IMF Working Papers

Author(s): Vladimir Klyuev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2003

ISBN: 9781451855517

Keywords: real exchange rate, wage, exchange rate, wage rate, Open Economy Macroeconomics, Capitalist Systems: Political Economy,

The paper focuses on distributional consequences of macroeconomic adjustment. The preferences of economic agents over the level of the real exchange rate derived from standard models are monotonic, with agents favo...

Trade and Domestic Financial Market Reform Under Political Uncertainty

Trade and Domestic Financial Market Reform Under Political Uncertainty »

Source: Trade and Domestic Financial Market Reform Under Political Uncertainty : Implications for Investment, Savings, and the Real Exchange Rate

Volume/Issue: 2000/175

Series: IMF Working Papers

Author(s): Rina Bhattacharya

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2000

ISBN: 9781451858747

Keywords: uncertainty, political economy, financial liberalization, capital account, domestic savings, tariff reform, current account

This paper presents a model that incorporates uncertainty about trade reform and analyzes the effects of trade and financial liberalization on domestic investment and savings, the current account balance and the re...

The Speed of Adjustment and the Sequencing of Economic Reforms

The Speed of Adjustment and the Sequencing of Economic Reforms »

Source: The Speed of Adjustment and the Sequencing of Economic Reforms : Issues and Guidelines for Policymakers

Volume/Issue: 2002/132

Series: IMF Working Papers

Author(s): Saleh Nsouli , Mounir Rached , and Norbert Funke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2002

ISBN: 9781451855395

Keywords: Adjustment, reforms, speed of adjustment, sequencing, capital account liberalization, trade reform, political economy, Economic Systems: General,

This paper reviews the issues involved in determining the appropriate speed of adjustment and the sequencing of economic reforms, focusing on considerations relevant to policymakers. It points out that the debate b...

Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation of Recurring Issues from a Decade of Evaluation-Lessons for the IMF

Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation of Recurring Issues from a Decade of Evaluation-Lessons for the IMF »

Source: Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation of Recurring Issues from a Decade of Evaluation-Lessons for the IMF

Volume/Issue: 2015/054

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 September 2015

ISBN: 9781498344197

Keywords: Political economy, Development, Budgets, Budgeting, Environment, IEO, recur issue, status report, high-level, evaluation

This paper sets out Management's response to the Independent Evaluation Office's (IEO) evaluation of Recurring Issues from a Decade of Evaluation: Lessons for the IMF....

What Determines the Implementation of IMF-Supported Programs?

What Determines the Implementation of IMF-Supported Programs? »

Source: What Determines the Implementation of IMF-Supported Programs?

Volume/Issue: 2003/8

Series: IMF Working Papers

Author(s): Alex Mourmouras , Anna Ivanova , George Anayotos , and Wolfgang Mayer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451842531

Keywords: IMF-supported programs, ownership, political economy, probability, political institutions, interest groups, statistics, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

This paper assesses the implementation of IMF-supported programs using measures of program interruptions, compliance with conditionality, and the share of committed funds disbursed. The econometric model allows an...

The Dynamic Effect of Social and Political Instability on Output

The Dynamic Effect of Social and Political Instability on Output »

Source: The Dynamic Effect of Social and Political Instability on Output : The Role of Reforms

Volume/Issue: 2013/91

Series: IMF Working Papers

Author(s): Lorenzo E. Bernal-Verdugo , Davide Furceri , and Dominique Guillaume

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2013

ISBN: 9781484381687

Keywords: Economic models, Economic growth, Fiscal reforms, Political economy, social conflicts, reforms, crisis, growth, governance, social instability

The aim of this paper is to analyze the dynamic effect of social and political instability on output. Using a panel of up to 183 countries from 1980 to 2010, the results of the paper suggest that social conflicts h...